BCN 3.85% 2.5¢ beacon minerals limited

and...bang there it is sxg, page-7

  1. 1,720 Posts.
    SXG just added another 21m placement at 6.5c bringing their total up to 270m, with another 60m on top of that it's 330m

    SXG SP after this anyone's guess but say high-ball 6c, so would add in the short term $3.6m to BCN, but the difference is the S/H's would have received the benefit of this money/shares in SXG directly not the company.

    This would have given BCN S/H's 60,297 SXG shares for every 1mil BCN held, at an approx value of 6c each it's equivalent to an additional $3,612/1mil The holders get more $'s on this deal or do they if Darryl has a distribution on the sale to RMS, which one is the better alternative both short and long term?

    Shareholder value versus company value for ML sale to RMS and SXG? Long and short term values also, I'm not able to calc. this one out.
 
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