GREY:AXXDF - Post by User
Post by
abcdefghijklmn1on Mar 25, 2021 9:24pm
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Post# 32883827
Guess the amount of shareholder recovery
Guess the amount of shareholder recoveryFrom mid-November
Under the acquisition, Altius will receive 600 000 Champion Iron shares as consideration for the sale of its portion of secured debt of Alderon. It also expects to receive a portion of the CAN$15 million cash consideration and the future production-based payments stemming from its 37.3% equity holding in Alderon. The amount of cash consideration will be dependent on the receiver’s approval process for any additional creditor claims, which will rank in priority over any amounts payable to equity holders. This process remains ongoing, but the receiver has stated that it believes there will be a substantial recovery to Alderon shareholders.
Someone thinks the substantial recovery is in the .50 area