What am I missing?The latest deal gives Talisker
- $20k big deal, nothing really
- 1,500,000 shares big deal, nothing really
- 1%nsr ($1,000,000 anytime buyback)
....big deal, nothing really
For that, Westhaven gets
- to more than double their property at Shovelnose.
...that is a crazy lop-sided major factor that should command more than a mere pittance in relation to the pre-deal value of Westhaven.
More than DOUBLING the ground that Westhaven has at Shovelnose should command a much higher value than what is contained in this deal.
That tells me either Gareth is a much better at negotiating than Terry and his team or that this could be some type of gimme repayment for something from the past.
Or both.
Either way, I believe it is crazy for Talisker to have given up so much for so little.
Time, as always, will give the real answer if this was a good or bad deal.
Everything I know about Gareth says he will come out leaps & bounds ahead of Terry on this one.
Westhaven has a $30M mcap and gets to over double their land package at Shovelnose for less than $1.5M...
C'mon, give ur head a shake.
What am missing or getting wrong here?