Post by
JCMO2013 on Jan 27, 2015 2:23pm
Getting 30 cents not 8 cents
If we are getting 1/2 shares of Almonty for each share of WOF that equates to 30 cents. Almonty is trading at 60 cents so simple math we will be getting 30 cents for 1/2 WOF shares. Or am I totally lost on the math?
Comment by
RockinRLD8 on Jan 27, 2015 2:27pm
If so do we get to keep our shares (50 %) at 30 cents, or are we paid out and done. Thanks
Comment by
ark88 on Jan 27, 2015 2:29pm
There's no cash payout in this deal. It's all a paper transaction.
Comment by
RockinRLD8 on Jan 27, 2015 2:32pm
So in simple terms, someone with 10,000 WOF shares, would now own aproximatley 5000 Almonty?
Comment by
JCMO2013 on Jan 27, 2015 2:41pm
No, 10,000 times 12.31% = 1231 shares of Almonty times 65 cents = $800 or 10,000 WOF shares times 8 cents = $800
Comment by
RockinRLD8 on Jan 27, 2015 2:46pm
Thank you JCMO2013. Please dumb it down one more level for me if you can. I own 10,000 shares of WOF. If this goes through what do I own. Many thanks
Comment by
JCMO2013 on Jan 27, 2015 6:56pm
10,000 WOF shares times 12.31% = 1231 shares of Almonty at 65 cents = $800
That equates to same value of your current 10,000 WOF shares times 8 cents = $800
Comment by
chizzles on Jan 27, 2015 7:01pm
Yes, we are getting the same value of Almonty shares as our Woulfe shares...the problem that we all have is that the value of Woulfe shares after the latest NPV is close to $.30, not $.08. Even if we got $.20 value, this wouldn't be a terrible deal. Almonty actually seems like a good company that can really help us, they are just getting an insane discount.
Comment by
TechOne on Jan 27, 2015 11:08pm
Chizzles.. Who knows.. By totally ignoring Woulfe's current deal with IMC in this news release, they have left a big hole IR for retail investors.. I bet, all the institutional investors have all the relevant information of what is cooking.. No wonder they want to be on CSE.. They can get away with it.. Pretty pathetic..