Post by
auburn2 on Jul 18, 2024 2:25pm
Key reminder in the MD&A
"For some time the Corporation has both pursued or entertained potential business combination transactions. The distinctly different profiles of the North American and PNG businesses have proven to be the main impediment to unearthing transactions acceptable to all parties and in the best interests of High Arctic Shareholders. Finding unique companies desirous of being linked to both distinct businesses has proven futile. Companies to whom association with our North American Business may be attractive are a distinctly broader group and do not overlap with the international companies with whom the PNG business and its risk profile may fit well."
Comment by
Ciao on Jul 19, 2024 10:17am
The sum of the parts is showing greater value that the whole: the effective share price is currently $1.64 (.88 + .76) + 1/4 share of SPINCO (PNG assests TBD), exceeding the previous 52 week high of $1.59