Originally posted by JamesExpat2
Many of us IRC S/holders are not yet sure what MRP brings to the table.
As you know some posters are not fully confident that Boorara will deliver the goodies.
Presumably Jon Price IS confident it will deliver.
EGS is meanwhile still the irritation with IRC's SP (some 6m-7m IRC shares still to unload ).
However yes,we are fortunate re the gold price.
A takeover before mid June '19 ?
Thanks James... I am sure the "mutual" feeling of "uncertainty" may affect some of MRP holders... as MRP has 2 substantial assets in the best position with all amenities available, all approvals (the 3rd substantial asset/gold deposit was sold for $50 per oz? previously to fund the $multi-million Boorara exploration).
We have one of the best/professional and relatively honest (as well as not as expensive as yours!) Management and while I am positive about IRC' management too (I've experienced it as a l/t holder of IGO and Phoenix Gold... till it was "flogged off" according to many previous holders... although "you only get what the buyer is willing to pay")...
and while I am already a holder of IRC as a good will gesture... I just am not sure of the value of IRC assets (many "satellites deposits" and the worst - off putting things for me - are all those legal complications I've noticed already while glancing over IRC' Asx ann... including the problems with your JV partners? eg from today's WA news re EGS:
"She said he was yet o lodge personal income tax returns for 2017 and 2018, and already had an unaddressed tax liability of $6.1 million while Delta’s overdue tax bill was $8.9 million.
Ms Logan said Mr Fotios would have been well aware of his legal requirements to lodge documents with the ATO by the due dates given his 17 directorships. She argued his behaviour revealed a pattern of non-compliance and disregard. “It is our submission that imprisonment is an appropriate disposition,” she said."
I trust MRP as well as IRC Managements and the best to let them do the homework, as they are well experienced professionals and are paid for it... and I am confident that the merger is in the interest of both set of shareholders...
Merry Christmas!
