Post by
bluemoons20 on Feb 13, 2018 9:53pm
buyout??
Would love to see bidding war, but at this point how do you make money. Thought in one of the NR's said bought 14 million @ 2 cents. Thats about 280 ,000. Would guess as said they are cheap. to get the other 60 million @ say .10 would be 6 million - likely would not want to pay anywhere near that.
so if someone has say 10,000 or 100,000 shares @ o.01 or o,02, even at o.10 you make only
$800 to $900 or $8000 to $9000 Not really much money in the big picture and the final price more likely to be maybe .06??
Anyone got any ideas about how this might infold. The wishful $1.30 would suit me but as I said the likely number will probably be closer to .06 than 1.30..
How would this be valued - the property in the area?? They might offer a share swap like MFX did for this property. This will dilute everything. Think their mine is currently priced @ about .27 so might offer one of their shares for 10 (a defacto rollback) and then what happens to those shares ??
That would only be an even trade and the new company would have to fund exploration and actual build out - pretty expensive , even as open pit (Was in on a platinum mine in South Africa that cost about 100 million to develop as open pit)
Lets hope we get a bidding war but at the end do not hold out much hope for any real $$$.
GLTA
Comment by
Kdawg51 on Feb 13, 2018 10:49pm
my speculation would be that in a buyout situation they would have to attach a dollar value to the resource potential MFX currently has at their fingertips. So although the company itself is only 4 cents, if their assets are another $1/share then you could potentially gain a solid profit.