Re: Deutsche Bank's new business---gold mining!
in response to
by
posted on
Jun 01, 2012 11:56AM
Edit this title from the Fast Facts Section
Finskiy has had access to the most current operational mining planning and data, forecasts, maintenance programs etc., and so is best to access risk and default valuation. DB takes a quick look to validate what they were already told, reminds themselves that they are not in the mining business and looks for a buyer to get as much of that contract value as possible cleared from their books. In this market who but Maxim makes an offer? Would Peggy? I recall on merger that special CMM shareholders (like Peggy) received a unique class of WTG shares that allowed tax defferal but also imposed a fairly lenghthy hold requirement. So did these shares transact differently? I thought they had to roll over to standard WTG shares first. But maybe they were bought out through the middle. Did Peggy actually get out and if so at what price?
WTG could be whole again, diluted yes but free of the DB contract,