Gassin,
Most of us believe that this project has the potential to be a ripper one day in the future. , the problem is how much of it will be left for the existing MZI shareholders (ex RCF). We have already given 20% away to RCF and given them a pathway to a figure far higher by issuing a further 2 billion shares for their $21 million con debt. , while still having a massive finance impost on the project, including a royalty stream and and various fees... This leaves these good people with over 50% of the company which still owes $80 million in debt to RMB and RCF and a royalty to RCF.
Gold medal definitely goes to RCF.
After reading through the release I was unable to decipher why the changes were accepted to the previous financing. Could anyone find the reason for the change? Sounds like the Boards autonomy may already be slipping away.
DYOR
TP
MZI Price at posting:
0.8¢ Sentiment: None Disclosure: Held
