...Frankly $800k is a ridiculous price for Heemskirk however putting this personal opinion aside, why has the GIP BoD proceeded with what appears to be indecent haste failing to wait for the completion of the coming Stellar Heemskirk Scoping Study?...
Agree, also to my understanding, the pricing for GIP-Heemskirk seems to be very low (see my related answer to Rob from today). On the other hand, the pricing for the project in Eritrea may be too high (who knows for certain?). Thus, the combination, the deal in total, may be a fair one for GIP. In any case, in the future GIP may still gain from both projects.
....Secondly, GIP has stated that the IPO will be underwritten which indicates they already know who will do the underwriting - so why has the name of the underwriter not been disclosed to the market?...
Have no answer to this question. But one thing I know: Gandel will loose a lot of reputation, if his anmt to supply GIP with 4,4 Mio of cash and 4 Mio of shares of ARL will not work. He would, at least in my mind, never do such an anmt, if he would not be able to secure it.
After all and therefore, I`m fully confident, as others at the german forum, that
1) the deal will be done and 2) GIP in the long run will benefit
transmeta
AR1 Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
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