...can't even sell a goldmine the buyers wants without complications. Still don't see why they don't just buy our 50% and be done with it!!! Looks like they want to secure the investment cash to upgrade the mine before buying it. They have RRR tied in for 50% and after two extensions they have AB by the **** so know he ain't going to try and sell to anyone else and now they have another 11% on a down payment. Effectively they have it bottled up as long as they need for this Prize vehicle....we just have to wait....and I wouldn't be surprised if there is a cheekly "take $2M or we walk " at the nd...no leverage at all in this one....bend over situation.
Struggling to see what you feel is wrong with the RNS. Or do you feel NMC will be happy owning 11%? We know they wanted more than our share. They obviously wanted to tie up the 11% first in order to get to 61% and now we have a few weeks to wait. What's the problem?
no one went for matelow's weekend conjecture. Along with USstroker, they made themselves look like fools. They are not alone, many a punter has been made to look the fool with rrr. Only a very few fail to see or admit to there mistakes over time.
"He knew we where there, getting the rest was his issue-so pleased its done!" ----------
For me that sums it up. Red rock subserviently wait while the other guy offloads his 11%.
And i know these days AB mentions the low iron ore prices when he talks about Greenland. But when prices where reasonable he had such a long time to complete the sale. So those low prices are just an excuse.
Surely there is only one issue here and that is RRR sale of 51% of El Lemon to NMC. What happens after that, the 11% purchased from another shareholder, the raising of finance on the Toronto exchange, has got nothing to do with RRR.
"2) the additional purchase I assume will occur directly after NMC has bought AGM "
In which case, as I have said to you, there would be NO reason at all for NMC not to get on and complete the purchase of AGM (i.e. our share) immediately. Yet they are not doing so. Thus your theory appears somewhat flawed.
strange you now concern yourself with production figures from El Limon. I remember you suggested there was no point in releasing figures as the mine had already been offered for sale at a pittance. Bell and rrr have now managed to avoid putting any details out for production etc for well over two quarters. That would make me wonder, just how bad are they.
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