G Mining
From QI report:
"Reunion shareholders will receive estimated share consideration valued at $0.65 per Reunion common share plus shares of a newly-created gold explorer (“SpinCo”). The Corporation held 183.3 million common shares of Reunion, representing a 15% interest in Reunion.
183.3 million shares at $0.65 work out to about $120,000,000 or about $1.34 per share!
Now that value is being converted into shares of G Mining. That is good.
In today's Globe & Mail CIBC analyst Allison Carson calls G Mining "proven mine builders execuring on growth". She raised her one year target to $3.50 - about 60% above current price.
All is good but I still cannot explain why DC.A shares are trading below $2.00.