Post by
Sacks45 on Sep 10, 2021 6:16pm
Pine point
I was looking over the pine point deal and the npv was 210 million and it was sold for 34 million to Osisko metals. That represents 16.14 percent of Npv. That in my opinion was a steal for osisko. Maybe that's why the market doesn't give the management team the benefit of the doubt. If we take marathon Nov of 1 billion and we own 830 million 16.14 percent is 138 million which is what we trade at today. I hope they learned from pine point mistake and not repeat it here otherwise we are screwed.
Comment by
my69z on Sep 10, 2021 6:51pm
Careful --- i had a couple vague insults thrown @ me for yelling to take the $150m for only 5% of the payable metals. Days later, Kerry said it was "in excess of $200m". L...M...BO!!! I don't think they will Pine Point this time. Different times Vs now. ESG metals -- "century of green". Plus we will have to agree to any propoal. :) Glta!!!
Comment by
my69z on Sep 10, 2021 8:04pm
Marathon's 1st 3 yrs = $1b free cash flow. :) Different day n time. :) Glta!!