deal comparisons

OK...further to my previous post.

Let's look at 2 deals currently progressing in the BCE tech space.


ESI:

For "in good faith" $4 million, ESI are diluting shares on issue by 30% to complete a DFT in LV for a plant with lower output on an potential MOU with GEAC (not new owners AGL) in an area lacking infrastructure and with minimal BC tenements.


MNM:

MNM will have no share dilution for handing over 50% of a large resource which they only got a year ago and spent less than a million on (which they will receive $500K back) for $50 mill plant with higher output and with existing transport for export.

MNM also has very large LV BC tenements, CSG, gold and silver projects as well.


MARKET CAPS:

ESI MC is approximately double that of MNM MC!


BETTER DEAL:

Which one has struck the better deal?

Which one has done the better deal for SH's on minimising share dilution?

Which one has not diluted the option holders?


Yes, Mr Market knows best...he's just having a bit of a sleep in L! ;o)

Cheers K