Exactly.
Let's keep this brief.
Mindoro forwent cash payment, instead opting for shares in consideration for an asset laden with gold. Unfortunately the market (for micro golds) collapsed due to factors outside their control (AUD high, gold down and general exodus from the segment). Built into the arrangement was a clause whereby 400k would be handed over (4m shares @ 10c), which we all knew. No one knew what was to happen and as such the agreement was amiable as it reduced the the likelihood of litigation if things went to shit (and thankfully they haven't, quite the contrary in fact).
Fast forward to today. Anns look good so far, gold $ looks great, MDO gets much needed promised cash (remember they shed an asset worth far more than this releases' current value if mined) and sit on 96m shares.
Also remember when things were robust a few days ago, 96m shares was a days' trading volume).
Keep it together folks. This is good.
- Forums
- ASX - By Stock
- escrow shares released
Exactly.Let's keep this brief.Mindoro forwent cash payment,...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.873M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $10 | 9.814K |
Featured News
RMX (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online