GREY:GLBCF - Post by User
Comment by
Misbrandton Oct 08, 2015 2:19pm
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Post# 24176193
RE:IMHL/IP/ARM best news all year
RE:IMHL/IP/ARM best news all yearthis is REALLY good news. Basically from tje prospectus re:spin out it appeared to me that GEM was basically giving shares and money to get away from karakul issues because as of Sep 30th, with no payment, IP had the right to take all mining rights away from IMHL/GCO. My thoughts were that either IMHL eould use the money and shares acquired from GEM at the time of spin out to finance the purchase of the property rights or theu would let them lapse but have cash in the bank and a company wholly owned under IMHL. This news indicates that they are intending to sort out the property rights rather than let them lapse and IP is willing to wait until they get money from the spin out from the new GEM and any financing they can arrange (the first of which is contingent on BC supreme court).