RE: Too cheap :(20 Aug 2024 17:09
You have to consider this deal not based on the market cap of gran tierra but the NAV. Valuing this deal based on gte market cap is like saying i3 is only worth 12p because thats the shareprise. Price and value. This deal will give i3 shareholders 10,43 p + 16,5% of the Nav of the new company which is around 2 billion. Or 330 million to i3.