RE:Takeoveryou're a dreamer power. take your head ot of the clouds and study the financial statements. mpvd is essentially bust other than for the support desmond gives it. the bond debt and reclamation liability now stand at $445 million - yes, $445 MILLION! anyone buying this puppy has to pay out the bondholders are a premium to 100% - and assume the closure and reclamation liability. that will likely grow to $100 million by the end of the mine life. nobody in their right mind will want to won this equity. all the profis from the operation will go to paying off the debt and funding the reclamation liability. there is nothing - repeat NOTHING - left for the equity holders.
why does desmond support it? he's one of the largest bondholders getting paid 8.25% interest thanks to the stupidity of whitless who replaced the low interest project debt with high interest bond debt. desmond is doing very nicely clipping the coupons.
on top of that, the genious brown has taken an impaiment on tuzo, which means the mine life will end in 2025 - just in time for closure.
wake up and smell the coffee!!!