RE:RE:Huh? Whats with this?????? I find this very interesting.
Walford sold the Marathon PGM project to Stillwater in 2010 for about $120 million in shares and cash, after first spinning off Marathon Gold. I made a nice profit there, and got my first MOZ shares, which I still have, and have added to since.
Stillwater never developed the mine, and to the best of my knowlege, just sat on it. Now they have sold 51% of the project to Generation Mining, for a measley $6 million. By spending 10 million more Generation can increase that to 80%.
I definitely understand why Generation wants Walford on their board. He is intimately familiar with the project in a way that no one else is. He already sold that project for $120 million plus once. Can he help Generation to do something similar again?
I have a lot more DD to do, but this looks interesting.