Hi Knotnauti
yes it would seem a case of sour grapes for VMC.
Looking at the deal SPX struck with Patina I could see how maybe VMC only wanted to pay cash and without exploration would be very little cash also.
SPX has struck a far better deal with Patina who wanted shares to stay in the game as they believed [rightly] that there was something really big and substantial at PW.
Patina gets shares, royaltys etc all being part of possible/projected Gold recovered and worth possibly hundreds of millions $ to them
[they are the biggest shareholder].
yes bad luck VMC. You made bad decisions regarding a deal and now have made things worse by being greedy!
You get what you reap
Yak52.
Ann: VMC: Venus Commences Proceedings against Spectrum Metals Ltd, page-123
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