Value Microcaps Motherboard

[ACL Profit_Weasel]

TGB/TKO.v info from the STOCKHOUSE board

Many things have affected this, the late PP squeezed in at 1.25 when the price wsa cracking $2 in the fall caused a large number to bail, wasnt even done as a separate NR, was buried at the bottom of some other ditty, but the real question mark remains whats contained in this on the SEDAR site, which never did have an NR about it.

http://www.sedar.com/csfsprod/data49/filings/00696239/00000001/m:%5CCAROLW%5CTKO%5CNewsRel%5CMateria...

while the file is text and a PDF, it was posted as picture format so no text can be selected and pasted, must be retyped, but here are some hightlights...

Ledcor gets 15% as operator. They also get priority from JV revenue for lease costs, personel payroll and "operating bonuses". The terms of the operating bonuses are NOT specified.

It then tells us that they have entered into a "series" of agreements with "Red Mile Resources" LP, AND "certain other entities" (unspecified).

"Red Mile purchased for $67.4 million a Royalty compromising a basic royalty "(whatever that is), AND a "net profits interest"

in addition to the Royalty of $67.4 million, Gibraltar will receive an additional $10.5 million on account of services

No mention of what percentage the royalty entails, the duration, etc.

in addition, there are a series of put call instruments by both parties that reads as pure gibberish, especially without the related amounts.

in 2014 Gibraltar may execute a call agreement and reacquire the rights they have sold to Red mile.

In ADDITION to all the above, they will ALSO get 2 - 4% of Net profits depending on the prevailing price of copper, for the years 2011 - 2014.

Nothing from IR to explain any of the above.

So, in a nutshell, current market cap is $77 million. They sell a royalty (above all their other obligations) for $77 million. They dont bother telling us what the Royalty is, just what they got for it.

My guess, in effect, they sold the mine without asking the shareholders.

What are the shares worth, and how would ANYONE who does NOT have the inside information on what the Royalties actually are determine what this company is worth?

Any other spins would be appreciated.

Kent