SNG siren gold limited
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Ann: Siren Receives Revised Proposal from Federation Mining, page-11

  1. Hiepn2_2005
    1,685 Posts.
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    28/10/24
    15:59
    Post #: 76337362
    Let's do some maths:
    SNG has approx 207million outstanding shares.
    At the proposed $0.2 raise values SNG at $41million.

    Federation's proposed takeover ratio, 17.5%:82.5%
    (SNG: Federation).
    This values Federation at $195mil against us at $41mil.

    Would I be happy with this? Not really.
    Should be at least 50:50 ratio in my opinion.

    DYOR
    SNG Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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