Comment by
Flow23 on Aug 10, 2012 2:12pm
"IMC due diligence will be complete by first week of August" Even if DD is completed IMC now has to decide about whether to wrap up the deal or not.
Comment by
Majormac79 on Aug 10, 2012 2:33pm
I still get the feeling that IMC would consider a complete buyout of the Sangdong mine if it passes their DD considerations. Why split the long term profits with Woulfe?
Comment by
AAA-1 on Aug 10, 2012 2:35pm
I agree...they could get a nice deal with the softness of economies. hope it is around two bucks per share plus.
Comment by
Zynfandel on Aug 10, 2012 3:15pm
IF there is a buyout my guess would be around 1.25$ per share because of the current weakness of the market. 2+ would be nice but seems way to high relative to the current sp. Just my opinion...
Comment by
Majormac79 on Aug 10, 2012 3:19pm
I agree a buyout for the Sangdong property would likely range between $400-650 million range any more would be gravy on top.
Comment by
whoisyourpapa on Aug 10, 2012 3:24pm
Regarding buyout, NPV came out at $1.50 if I remember correctly. . . Also, don't forget the "first week of Agust" deadline was in their presentation not in an NR whois