RE:RE:Rio/Turquoise Hilland in the interview, Dale indicated WRN will continue to be sole owner and operator of Casino right now. That seemed like an important point he wanted to make. Reading between the comments from Dale, i also got the impression Rio wanted a bigger position and/or perhaps wanted a JV right now? ....or an outright purchase right now? but seemed like WRN wasn't interested in that right now anyway and wanted to step into this. AT least that's how i interpreted the comments.
I believe it was in an effort to drive shareholder value up over the next 6-18 months before an outright acquisition.
Perhaps others got different opinion on the conf call - but that was my opinion.