RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials
Short of any of the existing shareholders actually wanting to mine the platinum, I am "guessing" that all of this is just a big shell game for the original Hebei &/or another player to take over the works for as cheap as possible. If the new board can't find a cheap way out of the Croc mine sale, can't they just take the $5,000,000 hit on the break fee's & keep the mine. The BEE issue is another story but part of the last sale included Eastplats buying them out anyways & the new player "original Hebei" was responsible for sorting that out later. This time Eastplats was actually able to buy them out completely at about 1/2 the price of the last deal too. "Maybe" KaAn was just leveraging all of these lower cost share purchases with threats of starting the mine up, but in reality they are just a new middle man for the original Hebei or someone else. Avoiding the original +/- $25 mil US Finders Fee commission, having the BEE partners bought out for +/-1/2 & getting the works for a mush cheaper price (lets say +/- $2/share) would be a much better deal then last years for any purchaser even with the $5 mil hit on terminating the Croc sale. Also, I noticed the vesting period for the 600,000 $1.05 shares to the new directors is only 90 days from I think July 5, 2016 so they would also profit in short order if any potential deal is also passed on as a dividend to the shareholders. If they start up the mine then these options will likely be worthless. Maybe they can cancel the Croc sale & make a deal for the works fast & avoid the whole BEE issue somehow??? Here's hoping its all a big shell game & us poor shmuck retail shareholders can get out somehow for $2 ++ once a deal is done here (hopefully SOON)! Either way someone has sunk a lot of new cash into these private deals lately & soon we will find out what the real play is here. No choice but to wait it out I guess...