RE: Only one offer disclosed by RRR27 Aug 2024 16:51
News, quite right. Super Accountant is mixing up exclusivity with whatever else is bouncing around in his head. If RRAL or RRR had entered into an exclusivity agreement with regards to a sale or an RTO/IPO then it would have to be disclosed to the market.
You would not enter into an exclusivity agreement without two things in place: 1. Heads of Terms and 2. An Exclusivity Fee.
If we have had an offer and we are also in discussions with a number of shells, why would we go exclusive?
RRR/RRAL is currently flashing a bit of leg; under no circumstances should or would RRR/RRAL enter into an exclusivity agreement at this stage.
As the gold price moves up and the antimony price also moves up, RRAL's value goes up. The same with SXG revealing its drilling results and its wider scanning of the prospective area: RRAL should be in position to comment on its own work on the ground soon. Why do a deal now, unless it is an offer that cannot be refused?
DYOR