RE: NEWSYep, that should seal the deal. Anyone betting the deals will get done has made the wrong bet.
Aside from the amazing future for the Chinese (and Mexican) properties as a result of this brilliant deal, one must realize that the Chinese obviously are planning to use SDRG as a vehicle for global growth.
Per last week's PR:
``This is a major development for both HIC and Silver Dragon,'' commented Mr. Guoqiang Hao, head of HIC. ``Acquiring an increased equity position in both Silver Dragon and Sino-Top means a giant leap forward in expanding our mining portfolio in both the Chinese and international markets. Silver Dragon and Sino-Top will be two important vehicles for developing and expanding our domestic and overseas assets as we acquire other mining properties not only in China, but also in Africa and central Asia. To this end, we intend to put all of our Chinese assets under Sino-Top and all of our international assets under Silver Dragon.''
Remember, they needed to buy the assets back for $4.5 million, but they clearly did not need to make a separate $8.5 million investment in SDRG with NO WARRANTS.
yoyo