Snowline Gold Corp V.SGD

RE:Buy out

[AlwaysLong683]

Bangor wrote: Sgd is trending the same way as gbr did last year. Possible take out target could be around 14 dollars a share . If there's no more dilution. 

$14.....?

There are a lot of cheap SGD warrants and options still outstanding......over 13M in total with strike prices between 0.30 and 1.76. If you believe SGD's share price won't dip and stay below say, 2.25, you can bet almost all (if not all) of them get exercised at some point, either before their expiry date or if SGD is being taken out.

Even if we assume the above warrants and options didn't exist, according to TMX Money, SGD currently has just over 134M shares outstanding. At 14.00 a share, this would make the takeout price over 1.8B. BTO has a current market cap of 5.2B, and they have three producing mines which make good money plus two additional land claims packages. They also toss in a dividend which currently yileds over 4% CAD. They are also in the process of taking out SBB for roughly 1.1B (depending on the BTO share price as it's an all-share deal), and SBB has already spent a lot of time and money on feasibility studies, all required permitting, pre-mine infrastructure, etc., and has lined up full financing for the Goose Mine with the actual mine build slated to start shortly. In my view, 14.00 is far too optimistic re. a takeout price. Alternatively, perhaps BTO will end up forming a joint venture with SGD and develop any mineable zone(s) together.....?