RE:RE:RE:Royalty sale on Storm IMO Schocor, I am familiar with CMD 2012 royalty and agree their $ 5m looks attractive...
IMO,..I due not like the offer in terms of using here (
- The offer represents a 64-per-cent premium to the closing price of Commander shares, or a 53-per-cent premium to the 20-day volume-weighted average price, prior to FruchtExpress Grabher's takeover proposal announcement. )
PS .using only a 20 MDA to govern a 64 % share premium Also leaves alot to-be questioned here..
IMO, not refering to CMD, but BAY inparticular here, BAY"S 5 year MDA is 6 cents,..
PS, The market here current , also according to last financings agrees with BAYs mda as being full price..IMO, these financings are questionable themselves forcing limited DD work,.
PS,..GO long in BAY, Dividends will pay out 2 x price yearly over 10years proven now with current 205 tns cu. Expanding to 600 tns cu by year end..
Let The Drills Be Our Friends
Traps7