RE:Blurb off RCF Website...Q&A Sectionjph......it is straightforward: assuming RXF's share price appreciated: then they sell for a profit in an orderly fashion. Assuming they have a loss: They can sell at a loss in an orderly fashion.
With Avanti, they've loaned the company 60million. AND they own 38% of the company. If Avanti can't move forward in such a way as to payback the 60 million (probably now 70 million with the revised plan), then RCF WILL FORECLOSE. If RCF forecloses, Avanti is bankrupt and RCF owns the asset privately(for what its worth at the moment) RCF could sell it, strike a deal with somebody to develop it etc etc etc. Close it down. Take the loss. BUT at that point, its RCF's deal not ours. Who RCF brings along from management, what role they play, how much they get paid, is no longer a public matter. It is the private affair of RCF. My fear is that is where we are heading.............I hope I am wrong. I hope RCF keeps the company public, builds the mine, and the strategy to meet up with higher MOly prices pays off.