Post by
marclaurier1 on Jan 21, 2021 10:23am
Tiers One Silver, Sombrero
Can anyone tell me when or if there is a monetary value for each one of those. Would be nice to attach a value, so far we are loosing more than 40% since that spin out deal, thank you
Comment by
hallidas1 on Jan 21, 2021 11:02am
Tier One is in the process of being listed. Time frame is towards the end of Feb. At that time we will have to see what the value will be assigned. They will be doing a cash raise which should give a potential vale. Will have to wait and see
Comment by
BullionGirl on Jan 21, 2021 11:22am
An offering is a good way for them to establish a price basis.
Comment by
montydog on Jan 21, 2021 12:33pm
One of my brokers assigned a notional value of C$0.89 for each. (They can charge me a higher fee that way than if it was zero). I think they worked this out mathematically - implied by the US$45m combined value that the banks assigned to the SpinCos when the deal was done. In reality I'm expecting they'll each be at least C$2.00 when they launch tho.
Comment by
BullionGirl on Jan 22, 2021 9:12am
Some time ago I suggested that they spin out a royalty trust for Sombrero Resources. Need to do the same for Tier One. One percent off the top for all us original shareholders !