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11:34
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Originally posted by eshmun
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Funny as I was just reading about the ALK investment in Calidus last night. ALK is taking a placement which includes options exercisable at 3.5cents which could bring them up to 10% of Calidus if the options are exercised. They also entered into a technical cooperation agreement where a committee would be formed to help advance the feasibilty on their Marble Bar project. The agreement also gives ALK a right to a seat on the Calidus board.
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If your assessment on RMS EM mine is accurate RMS can't really afford to just walk away. We could see a bidding war, or even a true JV between RMS and EXU on something like reasonable terms.
