I would not be happy with a,1.1 for sure, although they say they...

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bodeh

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08/12/18

12:13

Post #: 36792897
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Originally posted by HotRods65 ↑

Originally posted by broadway
Purely on market cap and shares issued, I calculate the ratio to be about 1.6, e.g if they merge with us, we give them 10 shares for every 16 of theirs or, if we merge with them, we get 16 of their shares for every 10 of ours. If one company is agreed to be more under valued than the other, then this ratio would have to change. I believe that we have more potential because of the larger ground and the vanadium so maybe the ratio should be nearer 2 for one.
I'd be happy with a 1:1.6 ratio but I've got a horrible feeling it's going to be 1:1 and we are basically taking them over thus the premium. Guess it's going to be what MR and mates are happy with. If the mill works I reckon they maybe putting that Cranke ore though it asap. Maybe it easier to buy an existing mill than permitting a new one. Wouldn't mind knowing what the specification of the mill are even if it is in poor condition. Happy getting exposure to the silver, but I've got a feeling we are not going to be very happy with the deal. Hoping to be pleasantly surprised, but not expecting to be.

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I would not be happy with a,1.1 for sure, although they say they have,1mil resource that is based on a cut off of
0.5gpt so that would be the same as our half mil based on 1.0 gpt and we have an update coming before Xmas plus possibly return of 170,000 from EGS
also have more proved up ground
and of course the Vanadium

IRC Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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I would not be happy with a,1.1 for sure, although they say they...

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White Cliff Minerals bags lucrative Canadian deposit at Rae Copper

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game