GREY:OLEPF - Post by User
Post by
Goldfatheron Aug 25, 2010 3:28pm
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Post# 17382939
MDL/NewCO Spin Out
MDL/NewCO Spin Out Fig..... I agree... and am amazed that this new deal isnt getting any attention. For Ole .... this is HUGE. Either no one really cares abt Ole anymore... and have been run off... or its just August and folks ahve more important things to do than watch Ole and MDL. But the Ceo and CFo to run NEWCo have big time Gold back grounds... and on the GoldFields Board for Gods sake !... either Chet is all over this and in discussions w/ his Barrick ( friends) doing this Deal.... and have Partnership plans all set up.... OR...... hes saying " if they can do it, so can we" . If the IPO sp is high, and a success, hell have the Saudis pay for the Mine, and in 2 yrs he'll be a Producer w/ 6 mil oz to work with. BUT.... the share count will be HUGE too. Like 200 mil by then w/ all the PP's in 48 months.We now have 132 mil fully diluted !!......... i dont think Chet wants to go anywhere. He likes being Mr Mining Man on the big expense account flying all over the World.... pitching his baby Project. He gets paid a ton, the Saudis get paid,,,, but the Retail Investor is diluted big time and dont forget the GD 40% ! Thats what's killing this deal for us.
Unless Chet wants to Merge w/ NewCo now, use their Mine... and still have some fun and make money. i vote for this option.