RE: RE: CAN almost hear the spinning......
Ike,
Sell in May and steal away - that's my motto. If you don't like what I say don't read my posts. Please everyone who doesn't like my questions, go ahead, ignore me at your own peril.
I am providing valuable input here asking the hard questions you should all be asking. What's it to me? Nothing really - its just interesting and I see many things you may not.
Here are what ifs:
The mining consortium is going to be harder than herding cats now that the news is out. CAN is in a bind because if they can't pay the ML owner privately now as they must come to a three-way decision that includes Sonora.
If the ML owner is paid by CAN to walk away from his deal with Sonora for a big price, it won't be public because then the members of the consortium will also want new deals. But because CAN has a moral board of directors, they must honour the Sonora deal or do something immoral like pay a bribe or a under the table amount.
Sonora will be watching closely oof course and so will the government so settling quietly is out of the question.
On the other hand, if they were smart, they would give Sonoroa the job of cleaning up the consortium in order to get the $ 20-25 million worth of shares and cash.
This would remove a headache for CAN and Sonora would have a difficult task of budgeting how to spend the money between 300 artesinal miners. CAN could go on drilling - its a win-win.
Time to make lemonade and get creative.