RE:RE:Oh Yes, FlorenceInteresting post JC. I don't know if a lot of TKO investors are aware of who they are up against
when it comes to Robet Sarver. He is worth $400M approx and is a formidable force in Arizona.His Southwest Value partners real estate firm as JC has pointed out, is what is driving the local council
to oppose TKO's mining plan. He is one of those cheap but very tough multi millionaire types
who has a stubborn almost maniacal streak about what he wants and how to get it.
He has some members of the the town council in his back pocket because they have accepted
his generous political donations to get them elected. This fight over TKO's mining plan is
anything but straight forward and if I was advising TKO, they might be better off dealing with
Sarver directly and try to do a deal with him, rather than doggedly pursuing the town council
for approval. This is my reading of the situation from an outsider poisition, but one would
think that TKO would be more than acquainted with what's going on behind the scenes in
Florence more than I, so we shall see how this all goes shortly. I am anything but sure about
the outcome and I can only hope from an investors pont of view, it works out in TKO's favor.
There is a lot riding on this decision to put it mildly. At this stage of the game, any further delays
in gettting Florence approval would be quite damaging. Thanks for the info to JC. It has prompted
me to do some research on this, hence my post.
MS