St Andrew Goldfields Ord STADF

RE:RE:Beautiful Close today.

[cre8value]

jolly- I don't know but I can make a guess :o)  and I will explain how I get that number.

$220 million Canadian and there are 384 million fully diluted shares.
 That comes out to about .58 per share.
The company has $20 million cash. I think it is US but not sure so I will go with Canadian.
That is about .5 per share so .58 + .5  = .63 per share minimum.

So, here it is.  I think SAS is worth at least what Brigus went for. This might be completely wrong so feel free to make your own guess.

This is from the Primero website:
"The Exchange Ratio represents C$0.91 per Brigus common share, based on the closing price of Primero common shares (C$5.22) on the Toronto Stock Exchange as at December 13, 2013. This value implies a 43% premium to Brigus' 20-trading day volume weighted average price ("VWAP") and a 45% premium to Brigus' closing price, both as at December 13, 2013 on the Toronto Stock Exchange, before ascribing any value to SpinCo. Upon completion of the Arrangement, Brigus will be a wholly-owned subsidiary of Primero and existing Primero shareholders and Brigus shareholders will own approximately 73.4% and 26.6%, respectively, of the outstanding Primero common shares, on a fully diluted in-the-money basis, before ascribing any value to SpinCo. The implied transaction value, before ascribing any value to SpinCo, is approximately C$220 million."

[jollynik6]

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[londry]

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