RE: RE: RE: RE: 0.35 soberinvestor - while I like your thinking, I think in the long run there is something else at play here. If memory serves, Luxor stated the maximum amount/percentage that they wanted to buy - just that and no more. Someone remarked here or Luxor stated the reason for that. Maybe it had to do with some legal issue surrounding a hedge fund or private equity firm owning 100% of the shares? For what ever reason, I don't think Luxor makes a move to buy up the remaining shares. In the case of the Iron Mine, while Luxor could have taken 100% from Palladan when they defaulted, Luxor still does not own 100% of the property/project. To me that suggest Luxor sees some limit to ownership and wishes to stay below that bright line.
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I am sure there a number of games that need to be played in order for Luxor to keep the corporate veil in tact and to keep the Mines creditors from reaching into the Luxor pot and taking clients money, should one of these mining enterprises fail.
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Sure, everything you say about how Luxor could do things to gain 100% control is true. I suspect there are other factors in the calculus that will prevent them from going in that direction.