http://www.marketwatch.com/story/arabian-american-announces-al-masane-al-kobra-mining-company-receives-additional-funding-from-saudi-industrial-development-fund-2014-01-08?reflink=MW_news_stmp
Think chalice had a choice return all the money to shareholders and call it a day or look for new opportunities risk41.
Timothy Goyder has a large chunk of the company so he certainly would have benefited like last time they returned cash to shareholders so he would have certainly looked at doing so, but it looks like it made more long term sense for him to pick up some bargains at this time in the mining cycle.
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$1.42 |
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