RE:RE:I like Paul…How about this --- for Paul to highlight in his "selling" of Casino ---
What is Rio's average cost of capital - I think around 10%. Wha tis Rio return on invested capital - i think it's 13%. Now what is Casino return ----- I think it's close to 20% ...and that incudes an 8% discount factor!
I sure hope that if we work with RIo on another share placement (let's say 25M shares so they get up close to 20% total)....that they buy at 25M shares X $1.65 usd (10% premium) = $42M...that we do NOT just sit on that cash!!!!! We've been told we have enough cash to get shovel ready already -----
yes...i'm forced to ask my stupid question again. If we have this unnecessary extra $42M in the bank with 185M share outstanding...what is our marke cap.....
Alternatively, if we buy back shares with that $42M ....what would our market cap be?
I'm a firm believe it's much much higher with the $42M NOT sitting in the bank and i'm also a believer Paul is in a much better position with a higher market cap in any final buyout negotiations!