From Company Web site, Q. Why did you sell the Borealis property for such a low price of about $1,200,000?
A. Besides the $1,000,000 in cash, part of the transaction is 250,000 shares of Seabridge stock, which is worth about $0.80 per share today ($200,000). If you talk to the CEO like we did, you come out with the belief that his stock will go to $4 or $5 in one or two years. If that is the case, then we were willing to gamble that the stock would bring in about another $1,000,000 along with the $1,000,000 cash. In today?s depressed market, these terms seemed to make sense and were reasonable.
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Hello, The .80 is in Canadian Dollars, 200,000 CDN = 125,000 US.
That should be put in here, CDN.= 1.59 dollars
I read the fine details,, they also could give us stock for the 1 mil notes.
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figures from above 250,000 X .80 =200,000 CDN = 125.000 US
any way, Gold is up nicely today.
German C B Has to be the dumbest ever, did not learn from BOE mistake.
Sell your gold cheap, YOU WILL be SORRY.
see where GPXM ends up today. |
