opinionAssuming the following;
1. That Todd will hold 74.1% of NCF.(for a very cheap price of ~$19M CAN.)
2.NPV of SISSON is $400M CAN.
3. NCF continues to own 88.5% of SISSON.
4.That Todd purchases the remaining 25.9% of NCF.(~120M shares)
To appear to be fair to other shareholders(LOL), Todd should pay $0.76/share for remaining 25.9% of NCF which equals .76 x 120M shares or ~$91M CAN. For a total of $124M (19 + 91 + 14) CAN for the ENTIRE Sisson Project which is basically fully permitted with customers lining up to buy the Sissin tungsten.
Note: If Todd exercises their right to buy additional 10% of Sisson for $20M then buyout price would change from $0.76 to $0.67/share for remaining 120 million shares. They probably will since it saves them $10M and they end up paying $114M for the entire permitted Sisson Project with customers waiting.
Will non-Todd shareholders get $.67 to $.76 /share from Todd? If yes, When? I am hoping for very soon and if not then we, the non-(Todd/ insider) should start crying foul.
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