RE: KroghRGS1, I agree with everything you say. I own YLL and not IPT as a matter of fact. I think you don't really understand my point but it is not important enough to keep discussing. My point is just how Impact can buy a concession, which Yale JVs immediately reimbursing the full purchasing price and paying for drilling. My question is why Yale didn't buy that property themselves ahead of Impact.
There could be several answers. I just wanted to hear if anyone knew.
One possibility could be that there is some type of non-competition agreement between Yale and Impact.
Another is that Yale wasn't aware that this concession was for sale.
A third is that Impact have better connections, as I wrote in the first post.
I found the following in Impact's NR:
"This acquisition is part of IMPACT's strategy of building a mid-tier Silver producer based on an aggressive development and acquisition plan focusing on Mexico and silver. Through its network of local contacts, IMPACT continues to seek out undervalued assets that can represent consolidation opportunities in significant silver districts."
This could point to the second and third possibility mentioned above.
Anyway, we agree that Yale is a great stock with lots of potential and that this deal might be very good for Yale.
Cheers.