think you know better than gdo management, page-7

my take on this TO of RU

nevada r X major shareholder were told abt RU material aquistion and they did not like U308 so comes in china fund thanks MW chairman. now some poster saying this a done deal for china fund to spend less in order to get 51% IMO is nonsense the maths is all wrong the equity full diluted is close to billion share china funds share equates to 14% and if this 250 million which is 220 oz dollars is taken by china fund at same price equates to 415 shares plus 142 shares equates to 557 million from a total of 1415 million equates to less then 40%

anyway in the annoucement the management clearly says 250 US will be debt fund for 210 and rest equity and not CN only issue i have is will this funding have any hedging

only time will tell IMO RU To is a good for GDO shareholder in long run if gold stay high and US keep printing dollars i would have loved GDo buying NGF same kind of production however less resrve but 100 million plus cheap