Post by
tomgranite on Jul 17, 2015 11:04am
Goodbye Temex, hello ???
Assuming the deal goes through, New Oban will have around $64mil to play with. Eagle Hill need $30mil to get to BFS, so assume $4mil for overheads over next 3 years, that leaves $30mil for acquisitions. The favourites for a takeover would be companies who have properties close to New Oban's projects. Metanor might be in the running, they have a mill about 80km fom Eagle Hill and they also have a property adjoining them. The value of the company is pretty low too and they are a producer with debt. Anyone else have any takeover or merger theories for New Oban? Bonterra might come in to the fold too.
Comment by
bob321 on Jul 21, 2015 7:12am
Oban appears to be a smaller and more nimbler version of Osisko Royalties. the y appear to work in unison with powerful and overlapping board composition. 0ban can tie up and consolidate some desperate junior explorers by buying around 20% of their paper while "selling" the NSR's to osisko inexchange for more dough to continue the game.
Comment by
textter on Jul 21, 2015 9:25am
Problem for Oban will be the 1 billion share float. They also added more dilution since. Oban will need a huge rollback