SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (3126)6/28/1999 11:00:00 PM
From: Salt'n'Peppa  Read Replies (1) of 15703
 
I don't know about that Bob. It sounds highly exothermic to me!!!
I am curious to know exactly what this means too.

Hilton pays Berkley $2.45MM and gets 7% GSJ + 1.225%bpo ELH.
Trimark pays Berkley $1.45MM and gets 4% GSJ + 0.7%bpo ELH.
Trimark pays Hilton $0.6MM + 1.16MM shares + 0.7%bpo ELH and gets 1% ELH.

Net result:

Berkley gains $3.9MM.
Berkley loses 11% GSJ & 2%bpo ELH.
Hilton gains 1.16MM shares TMK (~$1.0MM) & 7% GSJ & 2.0%bpo ELH.
Hilton loses $0.85MM & 1% ELH.
Trimark gains 4% GSJ & 1% ELH.
Trimark loses $2.05MM & 1.16MM shares (~$1.0MM).

It looks to me like Trimark is paying $3 million for 4% in the GSJ play and 1% in ELH the play.
It also looks like Hilton is essentially paying only 1% of it's ELH stake for 7% in the GSJ play and a temporary 2% in ELH.
(Hilton is paying near fair value for the TMK shares, at $0.85MM)

I'd say Hilton and Berkley are the big winners here.
It looks like Trimark got the bum rap.
John & Des, help!!!

S&P
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News