RE:RE:RE:RE:RE:NewsI wrote this original post the end of 2021, suggesting a buyout of Galiano
Not much has changed, except price of Gold is higher.
Asanko Gold now has appr $98M in cash, Galiano Gold now has appr $58M in cash.
Thats would equate to appr $0.70 cash for every Galiano share.
Throw in $1.00 of Gold Fields stock for every Galiano share and take it out for $1.70 value per share.
Gold Fields would then own 100% of the Asanko Mine in full.
Or offer $2.00 of Gold Fields stock for every Galiano share and Gold Fields keeps all the cash.
Its win win for everyone.
Costs would go down as you now have one reporting issuer.
This present arrangement is not creating value in my opinion.