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16/01/15
08:40
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Originally posted by eyeswideopen
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So it looks like DRM will be holding on too the 75% of Mutiny it already has?
The Mutineers had better have their 25% of capital ready to go as Doray is locked into rapid development of Mutiny's assets.
Rapid development of Mutiny's asset's two propell Doray into new 160000oz per year peer group , sp driver number one.
AYR's JV results due soon sp driver number two.
Shown capacity too continually improve performance sp driver number three.
Weakening A$ sp driver number four.
I'll stop there, number four my lucky number, and don't want to seem greedy.
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so just to clarify... what happens to the laggard MYG stock if DRM doesn't get the 90 percent required to mop up the balance ?
Do remaining MYG shareholders have to fund their share of costs? And potentially receive the profits from the development too?
With the big going unconditional will DRM just run the project with minority shareholders?