GREY:PGDIF - Post by User
Comment by
mill44on Jan 28, 2017 5:13pm
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Post# 25768361
RE:RE:RE:RE:RE:RE:RE:RE:RE:light is shining
RE:RE:RE:RE:RE:RE:RE:RE:RE:light is shining And if you think I am bugging you because I am bearish on the project, here is the other "why". Why would the Friedlands give up half of the project for 60 or 80c, even for 1$ when 2 years after the mine opening they could have a 50-60M cash flow from it for years? Your explanation for the slow negotiations is the complexity of the problem, but it could be as simple as greed.
That's why some think that majority and minority shareholders' interests are not aligned. Instead of a 60c JV we might get a 25c PP, just to have the question of financing come up again 6 months from now.