MIN has been the shareholder long before the Garnet play. MIN was challenged over their manganese tenements, so they very conveniently did a swift deal where they sold them to Ellisons brothers company (RDG).
the court case over those tenements is still unresolved 2 years later. MIN is paying the legal bills
that was when the jump in RDG’s market cap happened. Garnet had nothing to do with it.
once the rights to the tenements is settled, RDG plans to have build their second mine. Their stated goal is to have 3 niche product mines.
MIN was desperate to keep the manganese tenements so you would assume their is some value in them. hatd for the court to take them away now that they sold them to RDG via the share acquisition.
Ann: Webinar Invitation to Shareholders, page-169
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Mkt cap ! $5.037M | |||
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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