RE:We all drank the coolaid, the project is a good one ...
William Randall, President and CEO of Rodinia, commented "Rodinia's board and management believe that the Agreement provides the best opportunity for the Company's shareholders to realize value at this juncture. Rodinia has developed a very attractive project, but considering the generally challenging financial environment for junior mining companies compounded with the increasingly deteriorating financial and political climate in Argentina, we would expect the short and long-term financing needs of Rodinia to include, if available, potentially significant dilution to Rodinia's current shareholders. We believe that this transaction provides the best opportunity for shareholders to preserve value and maintain exposure to the Project by means of a 2% NSR. Rodinia thanks all shareholders and stakeholders for their support and encouragement over the years."
Read more at https://www.stockhouse.com/news/press-releases/2015/10/08/rodinia-agrees-to-sell-diablillos-project-to-aberdeen-international#9IKo5l9arRMw2Xl3.99