As I stated over and over, a big hitter was coming for a bucket full of stock and yesterday was the start it seems and today it was full on.
I have not previously stated how much the buyer wants.
The answer is $10Million (yes dollars, not no of shares)
You can see why I doubt their chance of ghetting anywhere near that amount on market. But its great watching them try.
If the buying stops and the stock slips, it will just be them trying to take the heat out of the market. Their buying will resume again.
All in all, a darn good day.
Remember what I keep telling you all.
$18Billion metal in the ground.
Equal 3rd highest average grade in the world.
Ultra high grade core equal to highest grade in world.
World class deposit.
EBITDA for first 8 years would be around $US850M at current metal price.
Slick management/deal doers/past managing partners of Deloittes (x2)
Moly is the metal of the future, uses are exploding.
Deposit has not been assayed for Rhenium and may contain this hugely valuable metal ($US10,000lb)
Upside is huge so dont go giving away you stock cheap.
Way in? Options are fantastic value. Buy and convert.
Good luck.
RCH
richfield group limited
