I believe the mining side of things will surprise us in the near future. This is solely a guess on my part and it's based on what Levon mining retained in this deal. The part that has me puzzled, why keep only $2M in cash? Yes, they have the PGLCD shares, but did they buy those shares, to turn around and sell them at a little profit? I see a move they could make, where everyone walks away happy.
This will be a private company until they go public on the mining .5 share piece. Do they really want to run that side with $14M in cash and stock? What if they now can sell the silver mine? Now that most of the share price is retained in Sci-vac, they have options open to them. PGLC did a reverse split, so they have some options to wheel and deal. PGLC needs cash, so what if Levon sells the mine for say $75M.
PGLC announces their two things, one being their PEA and the second they move to the Nasdaq. Price increase with Frosts, firepower, takes the stock to $8-$10 a share. Now PGLC offers Levon mining a offer of 30M shares. Something between $240M and $300M in value. We see between $2 and $2.50 for our shares.
What does PGLC get out of the deal. The cash for the silver mine. The 2M shares of PGLC that levon holds, worth about $16M to $20M depending on the deal + the mines in Nevada and Canada. PGLC would have about $90M-$100M in cash. Win/Win. They named this "spinco", maybe that name implies. To add a little extra gliitter to this deal, Newmont owns 10% of Levon, they could see this as a way to pick up the silver mine, with actually little out of pocket. If they still holding 20M shares of Levon, they have seen a rise in the share price, plus they would enjoy the appreciation in their shares of the 10M shares they get in new levon shares. Again a win/win.
Unlocking the value here is what this is about.
For $75M Newmont get's this in return:
20M shares of Sci-vac (value $8M)
10M shares of Levon mining (value $20M-$25M)
He's right rory. You do carry a torch when you get burned. I just wonder what plastic surgeon GS will be using to reconstruct his lips, now that they have been removed from your hinny? Lucky for you ladies, you pretend you live in CA. Go see Bruce Jenner's surgeon.
Slowly the pumpers are seeing the game unravel. This will be a very good lesson in life and investing. This story never seem to add up.
You pumped RVM from $1.07 to .48. Didn't you learn your lesson? I cannot save you this time and even if I wanted too, you just too stupid to listen. If you don't rebound some soon, this headed to $17.50. I would be a buyer around $12.
This is a thankless job. Just knowing that you are wetting yourself daily, is worth the insults. How's it feel to lose investors near $1B in valuation? You feeling good about the BS you posted the past year. I don't care if I'm liked here, all I care is that your wings are tied. I think NTTG and myself have made sure that this company produce something real. Until then, newtsewts, all your are is a distraction. A low life too stupid to know, that all that is needed now, is the toe tag on this investment.
Soon your ID will sneak off. Just like eckgars and JZ. I don't have to look at the share price 50 times a day and say to my self...."what the fok was I thinking". But you do. All you have left to make yourself feel good, is throwing out insults. Next time clean out your ears and stop pretending you have a clue.
I told this board, the first one's to exit the crime scene would be Vorlon, JZ and Eckgars. The only thing remaining will be the yellow tape on the ground outlining the diluted shares.
I would go with the one that is hungry. That has a powder coat solution and patents to back them up. One that GM is testing. One that has shown in the past 3 months that they can cut 87% of the PM from the filter and achieve the same results. JM has to increase PM to achieve results. I don't think that is what the industry wants.
How's your jr miner doing GS? That was some good BS by you. I was buying today. I guess you will wait to it goes up, to tell us after the facts again. Did you see levon? You had a chance to actually make money, instead you wasted your life being a message board stooge.
You can't show us how stupid you are. No kidding. All I need is you losing money daily. That is reward enough. Most of the decent investors here, got out. Only remaining ones are the really stupid ones, like your self.
The street's not excited. This company has a good idea. But the street wants growth and they are slow on supplying new accounts. Is this a short term problem or a long term problem?
You caught yourself jerking off this board. As for making $500, better than anything you can show. I just was smart enough to know that this wasn't the real deal and took the time out, to warn others. Here's the bottom line. You have cost investors over one billion dollars, believing in this POS. You know why they can get away with this stuff...it's because of losers like you. They know that some idiot will look at 4 year old data and without question why the data is so old. You don't like us, because we ask the right questions.
You ran out of unsophisticated investors to peddle this too. Now you stuck. Have a good day weturpants.