RFR 0.00% 3.7¢ rafaella resources ltd.

Media Thread, page-7

  1. 690 Posts.
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    Santa Comba is also the reason I initially invested. Although these recent acquisitions are just building the company stronger and stronger… Steven states in a recent interview that the reason for the sale of the San Finx mine by the owners was that they are a very large construction conglomerate and they are exiting all their mining ventures. San Finx was only a very very small part of their portfolio Hence the reason that it wouldn’t have much effect over the companies balance sheet if they kept it.. The company is focusing on what they know and do well instead and they would just like back what they’ve spent on the mine so far, timing of the payment isn’t a concern hence the deal to only be paid back in royalties after 1000tonnes of metal is sold.
 
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