I'm late to the RIM adventure and playing catch-up... looking through a bunch of announcements over this year, this is my take (NOT advice - I really have only just started to scratch the surface, so these are effectively questions as I try to validate my understanding, NOT statements of fact...)
- RIM contracted GDR to help them find stuff, and was going to handover lots of ownership if they met certain criteria - GDR found lots of Scandium and the assets look really promising - RIM decided that they didn't want to hand over lots of ownership to GDR - RIM found a legal precedent (which we hope stacks up) to ensure they didn't hand over lots of ownership to GDR and terminated contracts (x2). - We are awaiting legal outcomes to the legitimacy of those terminations... - There is speculation/potential for Rio Tinto takeover of RIM based on indicative Scandium contained in RIM tenancies, and location near to RIO tenancies
Is the above a fair summary? Genuine questions...
Thank you to anyone who responds.
RIM Price at posting:
3.6¢ Sentiment: None Disclosure: Held
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