RE: RE: Look like DEC will get 80% The problem was that gold was found at Red Cliff in that month. The DEC SP in September 2009 went from
.13 to $1.72. Accordingly the approval to transfer the additional 20% never was passed by MTB board in Janaury 2010 (as was required).
It was just an attempt by the common management of both companies to put the ownership where they could make the most money for themselves!!! By the way, two weeks earlier on August 26, 2009, with assays pending, the company did a PP at
.06 when the SP was at
.13.... Does this sound familar to anyone? That time, as a result of releasing the good assays too soon after the PP, management was forced to reprice the PP by over 500% to .32, This time management learned their lesson and are delaying the results at the assay office so as not to screw up the .10 PP