RNS WHAT WILL THE MKT THINK ????14 Jun 2016 07:58
posted from other board
given away 70% for $45m, all the money stays in new company and CD run the show on second and third payment. worst deal I have ever seen, i expect 0.12-0.14 today.
pattersonsmith 14 Jun'16 - 06:29 - 4055 of 4058 1 0
51% for $16m lol. Then options to up it to 70% for only $29m, CD lead owner all the time and control direction as major shareholder. Bet some wish they had taken profits yesterday. Rush for the exit this morning at 8am.
mike2909 14 Jun'16 - 06:41 - 4056 of 4058 0 0
12-14p gives a mcap of under £5 million. Would hope the market thinks it is worth more than that.
pattersonsmith 14 Jun'16 - 06:49 - 4057 of 4058 0 0
the asset has been stripped from the books, and moved. MNC will only own 49% and then only 30% at the end. what is current non producing gold mine and 30% of LC worth. good few days for traders, hot money will dump this stock this morning, and leave. you guys took a chance by holding when market gave you 0.28 last night, the deal is bad for shareholders. next stop is money required for gold mine, so placing 101% now as zero cash given to MNC.