Ann: RXL: Potential new parallel lode identified at Youanmi, page-10

Reposted post by GT55 on the RXL thread.


always thought you lacked some skills working out this stuff now you’ve confirmed it.VMC shareholders have the same 30% now as they did when Matt did this deal and will remain at 30% through till mining. Unlike yourself and other rxl shareholders you have been diluted by 50% already with all the CR and SOI now @ 2.4 Bill fully diluted with options and still potentially $50-80 million left in cash to raise and so more dilution coming. What Matty worked out was this was going to cost a lot to explore to and get into production he knows he did a great deal and you little spin on him giving 70% away is well just that spin and very poor spin at that. They are the real numbers m0y, vmc SH would have been diluted to hell, bit like umm, you guys !VMC shareholders are already well ahead here and you know it. If you know anything about these deals there is always more to find, Matty knew there would be more AP expected to find more because as you’ve already said AP couldn’t mine the deeps last year (as you said he should have) because he didn’t have enough oz DD would have told him that from the outset.