RE:RE:RE:RE:RE:RE:RE:News out from XGC....a few observations:
- the stock is trading at a takeout premium estimate to be around 25-30%, so concievably rmc would drop to about $7 if the deal doesn't go through. This would make paying back the NSU loan and any future financing more dilutive.
- majors don't really want the high grade upperzone, that's why fcx would sell the UZ, thus RIO or anyone else large for that matter don't want it, that's why they didn't make a move... to assume they did not have enough time to act is wishful, the majors can easily acquire use a stock deal to acquire all of RMC and the total considered amount would be tiny relative to their market cap. They are interested in the prophery, which is unproven for now and would take at least 10-15 years to develop if feasible.