CVG DEAL THUMBS DOWN This was suppose to be a choice Gold property, Tom has been trying to sell it or find a JV Partner, he searched all of North America and Europe for buyers, there were NO TAKERS for a good reason, they all passed, nobody willing to make an Offer? or one that was a bad offer? Speculation/Question on my part?
Now we have OMM, who happens to be run By a close friend and business associates of Tom, in which their families have a history going back a long time. Also, 49 North owns a number of shares of Eagle Plains, which Tim runs, and share other investments. Now Tim and his staff are very good. But the DEAL, for all the promotion and talk about CVG, is a DUD/THUMBS DOWN. But, we have to wait and see what Tim and his team can do with the property. The value received shares? 12 cent company and Convertible Debentures?
OMM will need to raise funds? I assume to invest into this project? What is OMM's cash position?Does this mean 49 North buys more OMM shares on fund raisings?
Where's the value? Friday night release of news?