Pacific Iron Ore Engages Financial Advisor to Enhance Shareholder Value
Junior Canadian miner Pacific Iron Ore is looking at selling strategic assets to help boost its share price. The company has hired financial advisory firm AltaCorp Capital Inc to help them identify and evaluate alternatives that would enhance its shareholder value.
The options that the company sees as potential solutions include sale of one or more company assets, sale of the company itself, a merger with another company, entering a joint venture or acquisition or a recapitalization of the company.
The board of directors is most likely to settle on the sale of one or a combination of its assets to enhance the share holder value of the company from all these alternatives. Of course there is no guarantee that any or all of these alternatives will be carried out.
The Calgary, Alberta-based company has a market capitalization of about C$25.6 million. However the company, which is trading at 37 cents, feels that it is trading at a much lower value than its potential. They said that moving into 2011, global demand continues to drive iron ore, copper, gold, rare earth and other metal prices to record levels, and the company stock should accordingly go up.
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Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
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