RE: CDI6 Oct 2025 14:21
Conjecture, otherwise known as "I don't know anything but let me make something up so I look I am important and can be the centre of attention".
CDI is hot, as is gold. We know that RRR has had at least two exclusivity payments. We know that at least three parties wanted to transact.
The potential sale of certain gold assets in Ivory Coast, in respect of which the Company received exclusivity payments, is finalising documentation and assuming the parties remain ad idem as to indicative terms would be ready for execution shortly. Given the rise in the gold price, the Company would in any case be unlikely to extend exclusivity beyond mid-October."
What the company is saying is that it wanted a prompt transaction and that the movement in the gold price meant that better terms would be available elsewhere.
"In the Ivory Coast, the Company assessed three serious approaches for purchase or partnership of part or all of its tenement package The Company yesterday received a AUD60,000 exclusivity fee giving a proposed acquirer of Ivory Coast assets a 30 day exclusivity"
The gold price today is $3,934. The price when the exclusivity fee was received was $3,377. That is a material change. Presumably negotiations took a while given that two other parties were in with a shout and so the price would have been lower still when negotiations started.
Why would you extend with a party that has not moved to a binding agreement in ten weeks?
What you try to present as problems are just commercial matters.
PS as you don't understand these things, we keep the exclusivity fees.
zzzzzz
DYOR