The Teck news release concerns/mis-interpretationsIs it only me, or does the Teck news release read that Mulgravian has an agreement for Marudi Mountain similar to that of their other properties in the Mulgravian agreements (Black Banana, Sardine Hill, and the GSR proerties):
-Shoreham shall grant Teck a right of first offer with respect to its interest in the Marudi Mountain Property, and its Black Banana and Sardine Hill properties if Mulgravian Ventures Corporation ("Mulgravian") does not exercise its option to earn a working interest from Shoreham;
If this is the case, then shouldn't this have been a material fact prior to this deal?
There is nothing in the material notices that the company is required to file which indicates that Mulgravian has a right to earn a working interest in Marudi Mountain. Is this just something that the new COO and Wallster's directors have arbitrarily decided? I had no idea that they could just include properties in their deals like that.
Good on them! I think I'll just tell the state of Nevada that I own their gold reserves. Maybe that will work?
If the above is wrong, someone in that office full of management needs to clarify who owns what, write a retraction, or at the very least clarify for investors what exactly is happening prior to a definitive agreement that could hand Teck everything. How very unprofessional.