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Steuvin

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Steuvin

Re: stockmule post# 233

Friday, 03/22/2013 12:21:35 AM

Friday, March 22, 2013 12:21:35 AM

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I think they'll convert long before they get their 15% interest payment.

The PEA says the after tax present value is $2.1 billion. I think this could be sold in the near term for $500 million. That works out to $2.50 per share.

It, would be a good deal for the buyer (a 75% discount to the net, after tax present value) and a good deal for the convertible holders, and for us.
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