VMY 0.00% 19.0¢ vimy resources limited

VMY undervalued, page-151

  1. 1,179 Posts.
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    it's a merger, not a takeover. you don't get 100% premiums with a merger. at the best you'll get a 50% premium for a merger and when the project value before tax is worth just over 600mil and VMY market cap sits at 300mil plus.

    a predator doesn't pay full value for a inexperienced company's asset especially in a merger where DYL adds more value. you as a share holder will be diluted to F all once the money is raised. DYL has contacts for better contracts and financing deals.

    and your best chance was with mike and he's gone, including other experienced executives which DYL pointed out.
 
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Currently unlisted public company.

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