Agoracom: Small Cap Investment - Fancamp Exploration - Re: Argex - Decrease in number of RGX shares controled by Luxor

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

goldhunter11

Rank: President [?]

Points: 11806 [?]

Votes: 128 Score: 3.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Argex - Decrease in number of RGX shares controled by Luxor

in response to

Re: Argex - Decrease in number of RGX shares controled by Luxor

thenose

posted on Dec 11, 2011 10:49AM

thenose, nice digging. Just to confirm my understanding. These holdings are shares held in escrow for FNC? If so, as of 10 November 2011 FNC has 9.7M shares (or 9.44% OS) of RGX (assuming that all shares controlled by LCG and reported in NI 62-103 belong to FNC). This amount has a present value of 9.9 Ms x $0.445 AGXs = $4.4M = 4.4M/18M = 24.5% of FNC Market Cap. I am trying to have a handle of the total value of FNC from the estimates of all its parts. This RGX alone accounts for 1/4 of FNC market cap. Amazing! (or should I say unbelievable, mind boggling, or beyond comprehension?)