RE:RE:RE:RE:RE:RE:Haltjcw604 wrote: CountOfMeltedCrisco wrote: Tell all of us how one does
"paperwork" on a property they
hadn't yet bought and thus hadn't gotten the technical details from Glencore?
Blazesb wrote: Paperwork that should have been done before deal was announced.
.
They are producing mines without an up-to-date ni43-101. It doesn't mean that you cannot sell them, or buy them simply based on the historical track records. The tsx rule requires those documents to be available before the unhalting of the stock to protect the investors. I think SCZ's move is risky, because those mine could be close to their end of life and the historical track record maybe be good indication for future production numbers. However, in order to be profitable in a transaction, they must take some risk, including the backing out fee of 2m. Yet, that is most they can lose.
The LSE, for instance, accepts CPRs, Qualified Person's Reports (QPRs), and Mineral Resource Statements, compiled using JORC, SAMREC and SAMVAL, or NI 43-101, when accompanied by a NI51-101 Valuation Form, for listing on the LSE.
Appearantly, different exchanges have different acceptable technological documents.