Re: RE: Kodiak Acquistion - Why?
in response to
by
posted on
Jan 31, 2009 11:00AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
You may be right hrattle ... if you look at Ontex, current market cap is abbout $20 million, even at double that (to account for acquisition premium) it is still about half the Mcap of KXL. A Takover can be done via a share swap to keep cash available and KXL would then end up with about 130 mm shares outstanding and a defined resource in the BG area.
I know we're just speculating here, but...
From the KXL side of the fence I'd be pretty disappointed. I realize this might be an ONT shareholder's dream come true (how long have they had a defined resource (and a relatively small one at that) and not done anything with it?