RE:RE:Many PPs to Come Absolutely. You just have to find someone to cough up the one big lump sum. That’s pretty much management’s only job. That and hire technical people to do the real Mining work. Had they taken that approach 5 years ago we wouldn’t be in this predicament. But management had a grand-er vision of what they could pull off back then. It was a gamble but nothing doing. Like dumbo says, we could have gotten out then. Of course maybe that’s where Investco 2 comes in now.
From my vantage point, an investor with some good synergies will pay himself back in no time on their $5M ante. If they throw down $5M into Erin shares at a discount, and the marketing gets done, the project advances rapidly, the Serbian Mining Ministry shows some serious support for the project and the region, the share price should shoot up very quickly. Investco 2 could peel back some or all of that $5M pretty quick should they choose to do so. Probably would make more sense for them to hang on a few years though and get a serious payout. Of course they can just buy the 51% like Investco1 was planning to do, and then sell a chunk of it to an Investco 3. Infinity possibilities of course.
Or just strike a garbage deal with ETI and lets be done with this thing. Time to to get going or pack it in. And that’s not me just saying it, the clock is saying it.
And it’s a Serbian clock!! OMG