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Freegold Intersects 3.62 g/t Au over 42m and 1.23 g/t Au over 170.7m (click to learn more)
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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

Energy Oil & Gas E&P

GREY:PMGLF - Post Discussion

Petrominerales Ltd > $1.6B / 85342626shares diluted = $18.75 share
View:
Post by deisman on Sep 29, 2013 11:33pm

$1.6B / 85342626shares diluted = $18.75 share

AS PER Pacific Rubiales Energy Corp. (PRE) site:

The total purchase price on a fully diluted basis, including assumed net debt, and excluding funding of ExploreCo, will be approximately Cdn.$1.6 billion.

Can anyone do the accounting here?
Comment by zeus55 on Sep 29, 2013 11:54pm
Go back to the Q2 report to find the amount of debt they have, which is substantial as they have two series of debentures outstanding. Subtract that before doing a per/share calculation. Its all pointless anyway, as they said they are going to pay $11/share
Comment by lonewoolf on Sep 30, 2013 12:03am
This post has been removed in accordance with Community Policy
Comment by bosse on Sep 30, 2013 3:05am
Wow! Not a 37% premium as I mentioned but 56%of the 20 days average closing price!!! Happy with that!! Shorter are going to pay dearly and I love it!!
Petrominerales Ltd