ORS 0.00% 1.3¢ octagonal resources limited

I work out that we non "Gandel" shareholders will get 58mill of...

  1. 12,585 Posts.
    lightbulb Created with Sketch. 1764
    I work out that we non "Gandel" shareholders will get 58mill of the AYC shares(plus cash)(2.3mill + 319k cash)total =2.62mill


    leaving round

    111mill AYC + 56.5mill to go to Gandel as well as the W.A permits ..

    Now using the same Value 4c for AYC 1.8c AYCO = 5.5mill+W.A permits ..... take off the 1mill loan so 4.5mill

    then as Gandel will pay us 319k in cash bonus =4.18mill est

    Now I don't see any value in Gandels ORS opts as ex price will be higher than current SP

    So Basically Gandel 41.1% gets $4.18mill value Plus ORS permits free bonus!!!

    And us majority holders 58.9% get $2.62mill

    pretty poor really when you breakin down >>> should be a 50/50 break IMHO

    we should be getting all the AYCO as well !!!!! extra 1mill to make it 100% fair IMHO

    All IMHO could be wrong with my numbers
    Last edited by Sharetrader78: 20/10/15
 
watchlist Created with Sketch. Add ORS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.