Post by
Malpeque2 on Apr 22, 2020 11:03am
Katanga in Candyland
When you own 99.5% of someting there is really no reason to leave the last little bit public, just so some private investors in Canada can participate in the equity?
SO, the buyout was expected. Eliminate the legals and financial disclosures required in Candyland.
The buyout price at 100% premium is going to be impossible to argue in Court in Candyland because any reasonable judge would just look at the premium and laugh those exercising dissenters rights out of the courthouse.
Is it worth more, I don't know. THe financial reporting with all the previous debt, now converted to equity, the production numbers and delay in the upgrades, the uraniumin the mix, the cobalt story, the government settlements, the exploration packages, etc. etc.
It WAS a corporate nightmare, designed obfuscation, maybe?
I got in a small position at 12 cents, did not increase in the covid scare. Decent profit, time to move on!