Really bad proposition for holders on both sides. It’s a desperation move from HMX and CNB…..and that’s how the market will/should see it.
One company trying to avoid more CR’s and the other trying to create a workable/mineable resource. If CNB thought they had a good enough resource they wouldn’t bother with this transaction. They would mine, make their cash and then buy out a cash strapped HMX in a few years time.
If a merger occurs I expect in present day value shares will hit the 30’s and dilution will hurt many. Poor buggers that bought those cheap shares over $1 must be pretty grumpy at the cheer squad here who banded together to pump the company! Remember those saying $1.22 was too cheap at the last CR…..what a joke they are. No idea how to value a company….then again, basically no idea in general it seems.
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.21M |
Open | High | Low | Value | Volume |
42.0¢ | 42.3¢ | 41.5¢ | $38.14K | 90.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20032 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 10052 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20032 | 0.420 |
3 | 2292 | 0.410 |
2 | 6542 | 0.405 |
1 | 2000 | 0.395 |
2 | 7500 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 10052 | 4 |
0.430 | 2999 | 2 |
0.435 | 5436 | 4 |
0.445 | 2618 | 1 |
0.450 | 2400 | 1 |
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