ROS red october resources limited

Ann: Letter to Shareholders , page-5

  1. 1,091 Posts.
    Just confirms my feeling that ROS is going to use current shareholders funds to buy this new asset. (i.e. ROS shareholders pay for and own 100% of the Silver project)

    Then spin it off so that current shareholders, having paid 100% of the cost end up with some random % of the new company.

    The directors then get to manage two companies and collect two lots of fees.

    I hope that the asset is significant enough to counteract the decrease in SP that could eventuate with a CR.

 
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