Very good analysis.
There is only one reason and one reason only why this was an asset sale and not a company sale.....management wants to keep their jobs which wouldn't happen if the entire company was sold. Much easier to take a big salary and give yourself millions of options with $100 million in the bank. Of course this is done to the detriment of existing shareholders but since when does a management team think of the shareholders over themselves.
My guess is it won't matter. Within a month, Nevsun will make a hostile bid for $.35/share and take over their offices so management will lose in the end.
stateside
offer analysis, page-2
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Last
$1.33 |
Change
0.085(6.85%) |
Mkt cap ! $515.3M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.34 | $1.24 | $4.618M | 3.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45000 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 3824 | 1 |
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