nickel7
if the market paid for bluesky then zfx would be $100 a share. they have thousands of square kilometres of land around century mine.
if we can extrapolate from the AGM bluesky mining manual formula for a moment then if you have a good find somewhere then you will automatically find more.
How much is the unfound 'theoreticl' additional mines worth to the AGM shareprice? in percentage terms?
ie 10% 20% 30%
if we have a stock trading at $70c that is then offered $1 and you want $1.30 for the blue sky.
Then zfx was $13.80 on the day it was launched a takeover bid would need to be launched at $20 and we would want $26 for the blue sky factor. Current value $9.35
sorry nickel7 it doesnt work that way. The market pays very little for the blue sky.
I wish you all the best with finding a buyer at a higher price. Thats all the management needs to tryand extract the highest price from zfx.
i guess zfx will wait patiently at $1 until you find your white knight.
If it doesnt come then you may find the acceptances increase. remembering that you get any higher offer anyway.
cheers
surely there has to be a higher offer now , page-25
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