The Gold Ridge Community Investment Limited group paid $100 dollars for the mine, according to the article linked below and...."In handing ownership of the Gold Ridge mine to the landowner company, Saint Barbara has off-loaded its responsibility for the potentially catastrophic consequences of failure of the tailings dam."
http://www.abc.net.au/news/2015-05-...-dollars-for-solomons-mine-gold-ridge/6444428
Now FNT is acquiring, along with I assume the "liabilities". Not to mention, not all of the landowners signed off, so it is suggested in this article......
"Radio New Zealand
Some landowners of the Gold Ridge goldmine in Solomon Islands say the recent sale of the mine was done without proper consultation.
They say there is confusion over what exactly it is they have purchased.
The chairman of the Gold Ridge Community and Land Owners Council, Dick Douglas says members of the financial arm of his association, Gold Ridge Community Investments Ltd rushed into signing the deeds of sale for the mine
He says the former owners, Australian miner St Barbara had said their offer to sell would expire on the first of May.
” They by-passed the council and in a properly manner it has to be brought to the council and then we should thoroughly look at it. It is a rush so, more of the share-holders and directors didn’t really know the content of these deeds.”
Mr Douglas says he refused to sign off on the purchase and says he will be seeking clarification from St Barbara and the Solomons government on what exactly Gold Ridge Landowners have acquired."
https://ramumine.wordpress.com/2015/05/13/questions-raised-by-solomons-mine-sale/#comments
Good luck to holders
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Ann: Heads of Agreement to Acquire 80% of Gold Ridge Mine/Project, page-19
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