Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: TheBusDriver who wrote (1896)	2/18/2002 12:27:02 PM
From: russwinter	Read Replies (1) of 39344

< jr. should swap its shares for x number of shares of the major?> The other way around: the major swaps it's overpriced stock for the junior and the jr gets a premium. For example GLG could swap 1.2 US shares (equivalent to 12 X cash flow) = 9 bucks MFL for each share of MFL (future cash flow). When Dolores comes online in a few years this would be highly accretive. We would get liquid GLG shares which could be held or sold in the open market.

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