RE: Seinggred re ;well well21 Feb 2018 22:33
Hi,when do you seriously think the cash from el limon will be paid in full.el limon was a disaster from start to finish.woeful due dilligence,hopeless attempt to improve productivity,very patchy production figures,particularly during the period when at the height of the gold price,circa $1800 production figures spiralled to circa $2200 per oz.not to mention the years of trying to sell whilst raising cash at ever lower prices to survive.finally arriving at a deal that got worse during negotiation.what he neglects to factor in is the huge dilution and crash in share price due to his failed projects,ascot ,limon and greenland.limon buyer had the good sense to make sure they had a controlling holding over 50 per cent.rrr failed to do this.
I sold most years ago, a bit late but before the consolidation.I have some bought last year below todays price.
I agree a re rate is possible and hope for it.I have been amazed to find my thr which I gave up on ages ago are now in profit quite nicely.anything is possible.I remain to be convinced but agree that rrr is sitting in a better position than a few years ago so depends what happens from here.
Ps I would like to know the actual costs including the mfp loan for the. Lemon v the cash received.I reckon my idea of minimal may not be the same.what kind of minimal are we talking .lol