based on the story in this post!
https://www.investorvillage.com/smbd.asp?mb=10163&mn=13742&pt=msg&mid=21596308
Not sure what the play is here but something does not smell right?? You would not want to keep sinking more money into a project like this till most of the disagreements with the GOM have been ironed out (power supply and costs, IA, Dubai agreement, additional capital costs and acceptance of the mine plan). so why is TRQ siding with GOM?? Good Cop/ Bad Cop??
Tinto loses a lot of leverage by letting these slide till after the underground is in production and by default so does TRQ. ??
OK so whats Tinto/ Trq,s end game here? Tinto takes out TRQ on the cheap therefore eliminating TRQ managements voice from the conversation. This solves a lot of Issues for Tinto and as we know that TRQ management are Tinto appointed Patsi's just playing along. :
- Gets the minority shareholder thorn out of TRQ and Tinto management's side .
- Will have a positive impact on all the law suits Tinto and TRQ management are facing as it will limit their scope considerably.
- Gets Tinto increased ownership in Copper which they have targeted on the cheap. with Biden as president, their Arizona expansion just got a lot harder to get done.
- Only leaves them the GOM to deal with and something tells me that the GOM is close to accepting some sort of royalty deal which in turn would add considerably to TRQ share value as the GOM 33% interest is currently one of the big obstacles. they would want us out of the way first!
When the underground does get into production, the real earning power will become very apparent making any take out of TRQ that much more expensive. $50/ share would IMO be peanuts.
When something smells rotten in Denmark it usually is and neither Tinto nor TRQ management is looking at doing us minority holders any favors - quite the opposite!!.