TSXV:CAV.H - Post by User
Comment by
mining_pays_my_billson Aug 21, 2014 3:28pm
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Post# 22866489
RE:RE:RE:RE:Ok one more
RE:RE:RE:RE:Ok one moreWe probably won't get a buyout from KORES because that's not their business model. See the description on their website of all their operations (link below). They do not 100% own any operation, they always Joint Venture. What's more they always joint venture with companies that are more experienced than them and know how to run a mine. The JV partner is always the operator. The Boleo project is the first project that KORES has where they are the operator. I understand- 10% is peanuts, they could buy it out for very little, and be 100% owners. But, personally I am not expecting that because KORES has never done that before, there's no precedent for that. So it doesn't bother me. they're only doing what they always do- what's so worrisome about that? They obviously see some value in partnering with more experienced companies. Secondly, I don't want to see that, because as was mentioned before, if you are a true long term shareholder there's way more value to be realized from stock that has earnings per share, and evantually has dividends.
Kores other projects:
https://eng.kores.or.kr/views/cms/eng/bu/bu03.jsp