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clock Created with Sketch. 11/05/24
20:32
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Originally posted by Lowkeyinvestor:
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The merge number crunch is based on market cap ratios of HRZ and GSR around the Jan/Feb, but in my opinion both companies have been in talk since July 2023 to align their share prices. In the case of GSR it was to force the SP down by not mining Burbanks North 22,400 oz permitted open pit to 35 meters ,FMR Investments pulled out of it by mutual agreement. After that the Mt Thirsty scoping study has been promised but never delivered. Resampling of 75 historical drills has seen 17 samples reported on and the remainder have disappeared it seems.
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My bad "In my opinion Greenstone shareholders are getting screwed and a proper valuation based on market cap ration should be 0.3600 Greenstone shares for each Horizon share"
