Re: conference call today - get on it
in response to
by
posted on
Mar 15, 2011 01:45PM
1. There is no white knight...there will be no other offer
That's what Serverstal said at 18...22....30
2. Finiskiy is not out to screw the cmm shareholders. He is prepared to put lots of $$$ into WTG
Let Finsky do a PP with his precious WTG and be prepared to buy out CMM for $700M CASH OFFER. Supposedly he can make WTG whatever he wants so let him do a pp at $6/sh to raise up the $720M
= 120M WTG @ $6/sh pp = 720M
Old share: 114M, New shares = 234M (so WTG ends up with less float than merging two companies together).
CMM shareholders paid out $1.80 cash
Anybody who wants to buy WTG paper is free to do so.
Everybody is happy.
3. Tell Finiskiy that we are not against the merger with wtg but not at this price.
See #2.
4. The Russian exploration properties are good properties according to those in the know.
yeah, just like Lamaque is a good property...but they can't seem to get the damn thing on line and profitable. PK started this thing with 230M float now here we are 5 yrs later and 442 o/s and still needing bridge loans.
I'll believe it when I see it. Who knows how many ramp up troubles Russia will have whenever Finsky needs more shares.