GREY:RIVVF - Post by User
Comment by
NicolasMaduro14on Jul 25, 2016 6:00pm
200 Views
Post# 25083052
RE:More movement of shares thus time on T.ora exact same terms
RE:More movement of shares thus time on T.ora exact same terms
Looks like the play here for Sr. Brito will be to combine Ora and RN they are both trading at the same level currently. At brief glance ORA is producing aprx 80-90k oz's this year @ $800 an oz and has maybe 8+ yrs of reserves left aiming to be debt free and cash flow positive by year end 2016. If both company's were combined and given ORA is to be debt free in a few months along with a revised favorable DFS for RN could be the making for a 150k-200k+ oz producer in short order. If he does move to combine the 2 companies rather than take them private would love to see a rollback 5:1+ post transaction as the combined entity would have aprx 450million s/o. Elgin you think this is his intention here?