RE: July RNS10 Dec 2024 23:57
Master move by the Oracle which allows them to kill two birds with one stone.
By putting the Mineralisation Report on hold, it would allow them to test and provide a more extensive and accurate evaluation of the resource at play.
In the grand scheme, the delay would also serve as a tactic to counter the Riversgold farm in agreement.
I have pointed out earlier Riversgold could also be looking to make a final decision on whether to take up the farm in and put more money into Northern Zone, based on the results. Oracle could be delaying for two reasons.
1 - to delay until May to retain 100% ownership
2 - to force Riversgold's hand
We don't know which is a better route for Oracle until the report come out but certainly lots happening in the background.
Like I say, if there are more gold than originally anticipated then Oracle would want to retain 100% ownership.
If the report is average, then it's natural that Riversgold are wanting to withdraw. On the contrary, Oracle would want the deal to go through.
A lot of games are being played but if you ask me, scenario 1 looks more likely based on the information we have.
Enjoy.