"Firstly "the Chinese" as you call them (IBML) have not bought...

"Firstly "the Chinese" as you call them (IBML) have not bought anything at any premium"

Hi Magix.

Lets say you wanted a piece of MNM, say 50 %?
You would do some due diligence to look at their assets, projects, expenses?

Lets say MNM has a value of 7.5 million? todays Market Cap?

Lets say you wanted to buy 50 % of MNM. ( IBML is planning on buying 55% but its easier for some to comprehend if I used 50/50)

So.....Lets say MNM the company was a farm valued at 7.5 million. Would you think/expect half of the farm is worth 7.5/2 = 3.75 Million?????

Lets say IK asked you to pay 16.5 million and bring across some of your assets in order to get a 55% of MNM????

What would you say? Are you kidding me, MNM is only worth 7.5 million?

So after looking at some numbers do you now realize that IBML is paying a HUGE premium for their 55% share based on current Market Cap?

dyor