OBS
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0.00% 70.0¢ orbis gold limited

Samofo's indicative cash bid of 0.62-0.65 significantly...

  1. ryrie12
    428 Posts.
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    13/10/14
    13:07
    Post #: 14115991
    Samofo's indicative cash bid of 0.62-0.65 significantly undervalues OBS. Board should reject but, nonetheless, a bidding war will erupt. Based on PIR's takeout at $100oz/EV, OBS is worth $1.50. Shareholders should be demanding at least $1/shr.
    OBS Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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