Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: Confused - Some info on Return of Capital
5
Aug 28, 2008 06:39PM
3
Aug 28, 2008 06:47PM

Re: Confused - Some info on Return of Capital

posted on Aug 29, 2008 04:53AM

Management should step forward here and clear up some of the confusion....

I understand the concept of return of capital....but are we getting shares or cash? If we are getting shares, how do you attach a value to those shares if they can't be traded....the only value would likely come from another company coming in with a takeover bid....how else can you value those shares?....and the warrants?

Would seem the value is nil if I can't sell them for anything....perhaps that explains the big sell off here over the past couple days

What should be a good event and support the share price is actually having the opposite affect here....that is of course if these shares have any value

I am confused as well

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