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Strategies & Market Trends : Pluvia's Fist.com - Pluvia's Plays & Portfolio

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To: TeamTi who wrote (1477)11/20/2003 7:04:15 PM
From: RockyBalboa  Read Replies (1) of 1766
 
Do you know what exactly a "liquidity event" is?

I guess, calling it "the dump phase" would be a bit strong, no?

I'll do the math for thom (who left it to the readers,...):


Bankers and others close to both Sunwing and CITIC say the $20 million or so in cash will represent an approximately 40 percent working interest in Ivanhoe's Dagang project and could lead to other development opportunities for parent Ivanhoe


Thats not exactly a billion dollar venture, rather it values the whole at a $50 million, "or so", OR LESS.
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