Post by
wwadehammer on Oct 03, 2017 6:45pm
Market Cap
As the market cap creeps up a takeout looks less likely. DL will have no trouble raising funds at this point. Artemis's 4 million Nova shares are now worth $35 million (25% of market cap). Remember DL limited ES to 1/3 of the last PP. ES will buy all that DL will give him at higher and higher prices. Only unknown now is the size of the conglomerates on Artemis/Novo JV. This could take up to a year to determine what the JV is worth. At some point, Atremis will want to start exploration of the rest of its property. More JV's with Novo?