Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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Message: Re: Next 10?
5
Feb 06, 2011 08:42AM

Also keep in mind the outstanding shares. I don't know , or have not looked them all up, but I do know the AND story.

They hit their 52 week high the day the deal was announced (Sept 03, 2010) when Goldcorp out bid Kinross:

3.5 Billion on 2.5 Million OZ (plus extra etc), BUT they have over 4.5 times the shares outstanding! That day (52 week high) they hit $7.33, on millions of volume trading.

Bottom Line, that day @ $7.33 (times 4.5 Minimum due to shares outstanding) :

SLI would be $7.33 X 4.5 = $33 (on 2.5 Million OZ)

Or if you did not get lucky and hit the 52 week high, you would get the following:

$3.5 Billion divided by our outstanding shares (approx 115 Million) = $30.43

Goldcorp Bids $3.5 Billion for Andean, Trumps Rival

4
Feb 06, 2011 09:51AM
4
Feb 06, 2011 02:34PM
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