GREY:DULMF - Post by User
Post by
discovernothingon Aug 14, 2014 6:26pm
333 Views
Post# 22844096
DM's Plan of Action
DM's Plan of ActionIt's obvious that DM can't develop this project on it's own without substantial dilution. It seems the logical thing to do is to sell to a Major. If the price is say $ 2, per share then the major's cost would be $ 270 million for a 60% interest in all of the lands. The Major would control the project and keep Anto in for 40%. Anto would not have any choice but to continue paying it's share of the costs. This would reduce the exposure for the Major who would in addition own 100% of the remaining lands. If there were future discoveries on the remaining property, the benefits from these would accrue solely to the Major. Anyone else have any other ideas how we can get out from this mess?