RE:RE:RE:RE:Nevsun Red Flags For RMC Shareholders
OK got the picture...glad to see NSU do something good for the Eritreans...providing jobs...supporting local communities...providing much needed funds to government agencies for infrastrure work...all in all Eritreans people are benefitting from NSU...of course NSU shareholders are ready to reap great rewards ....as they have no debt and over $300 million in the bank - making a good long term acquisition that will lead NSU to leave the doldrum...The risks are simple to explain...IF there's a war involving Eritrea, then the stock will suffer a setback but not catastrophe as they have enough cash to carry the new project along....IF there's no imminent war...the warchest of cash accumulation will continue....so all in all NSU has made a great step, even though it has committed itself to what I believe is over 1 billion transaction, including stock, imminent cash outlay, future cash outlays, of paymentes to Freeport, funding exploration, permits, feasibility studies etc etc....plus building the mine...On the other hand if Eritrea is not involved in a war NSU is propelled toward to a minimum $10 per share in a couple of years...as the proven and probable reserves increase immensnily on both properties....and don't forget Freeport did not sell the Lower Zone...wonder why