RE: M&A19 Mar 2019 13:58
1. I have an idea that no deal will be done on Musonoi and neither will there anywhere else. It is going to be down.
2. Note that there is no requirement on RRR to disclose any opaque or dubious deals until the very last moment or until absolutely forced to.
3. How long a deal will take is down to no offers received, whether cash only, cash and paper, paper only, whose paper is it and so on. The very idea that the likes of Glencore would even glance at this steaming pile of merde is too fanciful to even contemplate. Obviously, only my opinion here.
4. Next fund raise? That depends on a few things. Principally how fast the fat chump in charge can either fritter it away or gorge through it. But mark my words the investors will not be seeing any of it.
5. There is only one way of valuing Musonoi and that is exactly like all the other "investments" that have come and gone before - at precisely the square root of diddly squat. There no other way available to us at the moment
6. General stuff.
7. The final figure might be lower or lower dependent on the deal proposed, when it is sold, how hot the M&A market is in copper and the outlook for the copper price. If it was worth $100mil and sold for $1 then it would be par for the course for our current CEO and in keeping with historical precedent.
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8. As a certain bore says but has no understanding of the meaning of what he says, an asset is only worth what someone is willing to pay. Partly what an asset is worth is also a function of what someone is willing to sell it for. In all cases with the present shower of sh ite it is either worth $1 or it is for the knackers yard.
9. In my view the ideal outcome would be a collective resignation of the current board and distribution of whatever is left after the chubby one has got to the trough.
10. Ideally, RRR would then delist and put everyone out of their misery that they ever came across this nightmare
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