RE: "No way they would do it "6 Nov 2015 09:24
the likely hood of actually owning and mining the area is very slim. the area discovered and managed by rio and the government was over 10 billion so even my enthusiasm doesn't push to sb raising this money.
obviously someone thinks this area is worth something already. they are going to buy it, do all the tests, try and increase its value and then sell.
this is exactly what they always said they would do. for weeks the complaint has been a lack of money and this business will finish accourding to TW by xmas. obviously now its about connections, previous time period, ownership of a licence and area and realization for max value.
sb is obviously involved with this since his time in Mongolia and the objective was always about realizing assets to be sold for more value than green field.
no idea time frame, wont be short but if the value of the asset is 300 million? no idea, 100 million? even less the sp with dilution will be higher.
the total concept was get asset under valued and by due diligence and agreement sell for more.