Warning: The following article is for informational purposes only and should not be considered as investment advice. The author is not a registered financial advisor and does not provide investment recommendations. Any investment decisions you make should be based on your own research and analysis.
Do you think there will be a buyout option for the PNG business (for public shareholders) when the circular comes out ?.
IMO the valuation of the PNG business is the biggest piece of the puzzle. A modest valuation of $80-$100 million is roughly $1.65-$2.05/ share just for the PNG business, plus ballpark $20-25 mil for the Canadian business (they do have some real estate, team snubbing ownership plus the significant tax losses) and the 0.78 cent payout. I see no conceivable way the entire business is worth anything less than $ 2.6-$2.7/share at a minimum. This is still atleast a 100% return from current valuation which can be realized in 4 month time !!
Do you think there will be a buyout option for the PNG business (for public shareholders) when the circular comes out ?.
IMO the valuation of the PNG business is the biggest piece of the puzzle. A modest valuation of $80-$100 million is roughly $1.65-$2.05/ share just for the PNG business, plus ballpark $20-25 mil for the Canadian business (they do have some real estate, team snubbing ownership plus the significant tax losses) and the 0.78 cent payout. I see no conceivable way the entire business is worth anything less than $ 2.6-$2.7/share at a minimum. This is still atleast a 100% return from current valuation which can be realized in 4 month time !!
Where'd you found the info that 55% of the company is owned by management and board? Thanks!