WKT's neighbor Dalradian was the subject of a recent take over offer the equivalent of $550 million that was accepted , there is no working mine there , If WKT prove a major VMS discovery in one or all of those targets ? wKT and shareholders could get seriously rich .
Under the terms of the Arrangement Agreement, each Dalradian shareholder (other than the Remaining Shareholders) (the “Affected Dalradian Shareholders” will receive cash consideration of C$1.47 for each Dalradian Share held (the “Consideration”, valuing Dalradian’s total equity at approximately C$537 million, on a fully diluted in-the-money basis. The Consideration represents a 62% premium to the closing price of the Dalradian Shares on the Toronto Stock Exchange (the “TSX” on June 20, 2018 and a 49% premium to the volume weighted average price (“VWAP” of the Dalradian Shares over the last 30 trading days.
https://www.globenewswire.com/news-...nance-to-Acquire-Dalradian-Resources-Inc.html
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Valuation 64c per share IIR research report, page-70
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