RE:Explanations requiredI have no "appropriate" words at the moment.
How the Rodinia shareholders were screwed it's not even funny
BarrenWuffet wrote: - Rodinia sells Argentina Lithium Property to Aberdeen. This is from the Rodinia news release in October (4 months ago)
"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."
- William Randall leaves Rodinia
- William Randall joins LIX.V. This is from LIX.V Feb 16 News Release:
"The Company is also pleased to announce the appointment of Mr. William Randall, P Geo, as the new VP of Project Development."
- LIX.V buys Lithium property from Aberdeen. March 3 2016 News release
"Lithium X Acquires Large, High-Grade Lithium Brine Project in Argentina in Joint Venture with Aberdeen International"
So Randall..... property is no good for Rodinia Shareholders, but its great for Lithium X shareholders????