RE:RE:JV economicsWylee not true at all.
Historical records
dec 5, 2008, .70
jan 2, 2009, .84
Oct 30, 09, 2.93
Nov 2, 09 NP reserve estimate announcement
(most of the share price was based on NP, not Gibraltar)
Nov 27, 09, 4.16
Nov 30, 09, JV announcement
Apr 1, 2010, JV concluded
April 9, 2010, 6.04
July 9, 2010, 4.17
Oct 8, 2010, 6.38
Mar 4, 2011, 6.04
So the facts are that there was no share price meltdown following the announcement of the JV, nor was there a share price meltdown following the conclusion of the JV.
The share price adjustment was for other reasons.
KW
WyleeCoyote wrote: "
Hiliarious, and 100% true. The share price was US$6 at the time, and it immediately dropped to US$4 upon the announcement of the sale of 25% of the mine. We were all shocked and dismayed at the time. However, Russ advised that the basis for the sale was to raise sufficient cash to start constructing Prosperity since the permit was due at any moment. And we all know how that forecast turned out . . . .