Hahaha. Yeah I did just read the SFR Ann and see ur point. I...

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Cashmeoutside

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05/02/19

18:34

Post #: 37339715
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Originally posted by cptcaveman ↑

Originally posted by Cashmeoutside
I’d probably just remind all the offer wasn’t 38c per se. It was 1 SFR share for every 17 MOD in an all script deal - which was equivalent to 38cps at the time. With SFR up to $7.13 today that’s 42cps... obviously SFR made that offer prior to issue of a further 55m shares.
Hey @Cashmeoutside I'm reading the 38c per share as firm:

"The Indicative Proposal comprises a full scrip consideration equivalent to $0.38 per MOD share, valuing the Company’s equity, on a fully diluted basis, at $113 million1. This is equivalent to an exchange ratio of 1 Sandfire share for approximately every 17 MOD shares1

1 As at close of market on 15 January 2019."

SFR's announcement says 38c, no mention of exchange ratio, it's our boys who have put the ratio forward. I'm very happy to be wrong though, but if I'm right I think we miss out on any SFR uplift under "38c sticks" approach...and if that is the case we will need Rob Brough to come out of retirement and distribute a few Whammies to SFR.

"....and the survey says.........................BUH BUHHHHHHH"

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Hahaha. Yeah I did just read the SFR Ann and see ur point. I think SFR will get involved in one way or another here.. not many projects around that would fit their criteria and have production coming online before 2022 at >30ktpa Cu

MOD Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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Hahaha. Yeah I did just read the SFR Ann and see ur point. I...

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