RE:RE:RE:RE:Volta shareholders
nozzpack wrote: My apologies for missing that last paragraph but my point remains value.
In 2013, POG was $1400 and over over $1800 when Kiaka was sold in 2021.
Prorata, that's about $82 million paid in 2013 when adjusted for the increase in POG
Add in eight years of monetary inflation , meaning that it would take over $80 million in 2021 dollars to replace those 2013 dollars Plus BTO spent millions on Kiaka trying to achieve a desirable development outcome .
So, BTO sold Kiaka at a significant monetary loss.
Are you doing it on purpose ?
You didn't just miss the last paragraph, you omitted a part of the first paragraph.
Total consideration received :
450,000$ already recieved
22,500,000$ cash on signature
22,500,000$ in shares on signature
45,000,000$ additional payment by april 2022 (half cash, half shares)
a 2,7% net smelter return
9,000,000$ on signature for Toega
9,000,000 additional payment to come
a 2,7% net smelter return
That comes to over 108M$ + royalties. Your initial statement was they got "MUCH LESS THAN B2B bought it for in 2013", which was 63M$.
Even if you factor in inflation, that statement is absolutely false.