@Msir
BOC is capped at $100M+, with $50M in cash and assets ...
They haven't announced any news of the mediation result to their holders, and are still trumpeting their EL application progress
This to me suggest that the wider market doesn't yet believe this news until it's all official, hence why next Monday is so massive for RTG
We could see BOC halve to cash backing or less with people calling for it's liquidation, and RTG move to 50-75c. Remember BOC was worth $160M earlier in the year on just Panguna hype, RTG also have Mabilo which will come into play Jan-March
RTG could very well do a SIR style run if they get named as lead developer for Panguna and get the ban on open pit mining in Philippines lifted
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1 | 573184 | 0.035 |
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