I don't really know what company would be interested in RRL. It has a 30% interest in Tropicana, McPhillies which at this stage is not worth developing and Duketon which is going okay. Maybe Anglo Ashanti could make a move and get 100% of Tropicana. Most likely GOR could merge with them to get away from being a one mine operation other than them 2 cannot think of other companies they maybe interested.
IMO RRL should merge with GOR, sell off Duketon and McPhillies keeping a royalty and the merged entity too become a royalty company. Get rid of most of the staff and create a new board who simply deal with the royalties.
Ann: Becoming a substantial holder, page-55
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$1.73 |
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Mkt cap ! $1.302B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.82 | $1.72 | $18.97M | 10.82M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 73866 | $1.73 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 76752 | 6 |
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