RE:Questions for Killr.FreddieSanford wrote: Are you certain Sentient has any royalty interest in the Cabacal project? To my knowledge, at the time of the royalty interest being raised to 3% on the portfolio of Brazilian projects, Cabacal had not been acquired.
Do you think the royalty agreement included any future acquisitions Meridian may have made subsequent to the ammended royalty agreement with Sentient taking effect?
Are you supportive of Sentient participating in the current placement if that suggestion of yours is based on something more than an argumentive point with TFSAfunds?
Cash is cash but that suggestion got my attention.
I'm trying to square your suggestion with this company statement "Meridian and Sentient have agreed that to provide the maximum exposure to future growth of the Company for incoming investors, Sentient will return approximately 95% of its shareholding, for no cash consideration to treasury and that these shares will be then cancelled. "
No Freddie ...I didn't mean to mislead anyone here ....No what I was referring to is that by bumping up the Royalty to 3% ...it got Sentient to finally agree to surrender their shares to the treasury.....and therefore getting something out of the maganeese worthwhile if they go back into production as apposed to getting nothing.....because if they didn't agree to surrendering shares...it's pretty certain that MNO would not have survived IMO!
No is the answer to your future royalty agreement included on any future acquisitions Meridian IMO?
Are you supportive of Sentient participating in the current placement NO!...i'm not!.....you have to remember about 7or 8 yrs ago or so I was one of the few that stood up and called Sentient out on the forum for their tactics of Fatiguing Shareholders....I told anyone that would listen as Sentient starved out another junior co and then when the s/p was a few pennies they took all the assets of the company had left including their properties which left them bankrupt..... I fully expected them to do this to our Cancana and eventually MNO...but the meetings were pretty seductive.... so here we are.....So up to a couple of years ago MNO was facing the same dilemma until Gilbert came along.....AND thank god for Gilbert taking over.....Now ....do I think some smart Sentient boys will try to get in the pp? Could be...but I just heard that the welcome mat will not be put out for them,,, lol!
So basically Sentient is getting a much smaller something as apposed to getting nothing at all!...I hope that makes me much clearer Freddie! ....Good to have you aboard!