EGA 0.00% 52.0¢ egan street resources limited

There are a large number of plants within viable trucking...

  1. 18,857 Posts.
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    There are a large number of plants within viable trucking distances. At the grade Rothsay should produce after ore sorting you could truck the ore anywhere in WA and still make money - trucking costs are on the order of 12c/km/t. At a $2200 gold price each ton of sorted Rothsay ore is supposed to contains more than $700 of gold - at 12c/km you can ship this a very long way.

    Well the offer is contingent on getting 90% acceptance. SLR could make the offer unconditional if they wanted and I expect they will closer to Nov 1.

    As for why Cool Hand doesn't come to the table with a better offer you would need to ask him, but most of us shareholders are under no obligation to accept this totally ludicrous offer. Come back with a serious offer and we can talk about a win-win for all parties.
    Last edited by Davisite: 23/09/19
 
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