It's complicated hence timely. NMC have shown there hand. There must be others interested parties, hence the exclusivity. I don't care what people in here think, the 100k speaks volumes. They are not stupid.
..owned by a local family I remember...if they get an offer they now don't have to pay the $2.25M loan back to RRR so all profit... $2.5M not a bad lump sum plus the cash they got from RRR...will have don quite well out of that old goldmine.
I think they are in discussions with MFP to buy the lot...I wonder if that geologist has arrived yet...
As for the non-returnable monies and exclusivity period...no guarantee of a buy and probably ties in RRR/MFP to any deal rather than the buyer...the buyer will know the impact of a no sale to RRR....or should do...monies will no doubt come from the sale proceeds if it goes through....I sense a potential negotiation at the close based on x,y and z from the DD....if you were the buyer knowing RRR's track record and wouldn't you??
But we have had a director buy and 100k. Sale is looking pretty certain in this uncertain world. Just need a trickle of money coming in to make a difference. Mt Tshipi will be sold soon and we will then sell Jupiter shares.
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