Mao was a commie so I think I know what he would have done:
He would have wanted to put all investors on an equal footing to reap the benefits of the collective so he probably would do a 1:1 options issue at 30c for 3c each which would raise $4m and would also provide the necessary capital to finance the collective mine in two years time when the 147m 30c options were exercised bringing in $44m for plant and construction costs.
Or do I have it wrong? Would he merely have appropriated the prospective mine from it's current owners?
mao , page-3
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