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 : Corner Bay Silver (BAY.T)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Canuck Dave who wrote (4298)6/20/2002 1:25:07 AM
From: AH  Read Replies (1) of 4409
 
Don't forget about the exploration spin-off. It was worth up to $1 (~twice cash per share), at least in normal times.

I would understand if they left 0.54 ratio as it was and replaced the exploration playground with the warrants.
But they took away 0.155 of PAA, worth today ~1.78, replaced it with warrants under water, i.e. worthless today, and canceled the spin-off. At today's prices, it amounts to a shave of ~ -2.78.

This IS a nice premium.

Let me paraphrase ClinSHton, everything depends on your definition of the word 'be'.

I guess one could say that 'be' means in this case 'be in five years' and 'not to be today'.
Mind you, Clintonese is a very difficult language to master. I am not an expert. Just a puking spectator.
Last time legal experts tried to come up with a dictionary, they were not able to move beyond the first word in that language, i.e. 'be'.

Still puking....
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