Sentia, you could be right. However, JK and the RAU board have made an announcement to market that paying more than the 15 mill offer would not be justified due to technical and other risks. This doesnt engender any confidence that MT Carbine is that worthwhile to RAU. Also RAU needs the 9 mill it has (predominently from placements) to fund progression of a range of exploration activities. My disappointment with RAU is the way the negotiations were held whereby there does not appear to be clear groundrules and parameters that following due diligence would have compelled a deal to be done. If RAU and the vendor did have this type of groundrules and parameters then it appears that Rau was not willing to go any further than the 14 mill offered, based on its view of the potential worth of the project and the associated risks. If the negotiations are far from resolved, then RAU's announcement should have been stated differently. Regardless of any advantage or disadvantage to its negotiations, if a Company makes a discloure to the market, that disclosure must reflect the true position. I have no reason to believe that that the disclosure by RAU is not an accurate reflection of the position with Mt Carbine and for that reason I have formed the opinion that MC may not be such a big deal to RAU. I may be totally wrong on this but in any event RAU has a number of promising tungeston and gold projects that could still make RAU a winner. Looking forward to any good news to come.(above IMO only DYOR)
cheers
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