to fill in those holders wondering what this is about
it appears that when SLR acquired the Daisy Milano mine from the Perilya there was an issue with the original option deal between Ridgeview and Perilya which had to be settled for certain parties to be remunerated
when Ridgeview sold Daisy Milano to Perilya most of the consideration was deferred until the mine met certain targtes. we are talking about $10million out of $13mllion total. Perilya managed the mine badly and I assume there was a dispute over these terms which had to be resolved
This seems to be the essence of the matter, I know nothing more and these facts are in the public domain
the impact on MCO is obvious ill feeling between various parties
ill feeling is a waste of time, guys get on with your life and do something useful.
MCO Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
