RE:RE:Sniffing around here
"over $1 Billion.Tell me another company that will that in their coffers? It becomes a takeover tarket with that kind of cash on balance sheei"
Here's the thing. GRZ won't have that kind of cash on the balance sheet. Doug B. has stated for years that substantially all of the award money will be distributed to share holders. It won't stay on the company's balance sheet.
I would like to see - and hope to see - the company retain 10% ($100 million) or even 5% of the award to provide the company and share holders withe some stability and reduce any need to dilute or borrow more money in the future.
Maybe that's not possible with the mixed company whereby Venezuela would essentially own 55% of that. GRZ as we know it might no longer exist after everything has been paid.