RE:RE:Resolute Sells African mine $90 m..Cash for AdumbiComing into clearer focus now is what the outcome is looking like.
Kondradt owns 29.7 m shares, Resolute 31.6 and other management insiders who added to their holdings in both financings in 2021, holds another 2 m.
So, that gives them about 63.5 m shares which is 51% of the shares.
NewMont owns 16.5 m .
Newmont finances the Adumbi mine to increase its share, and the remainder of the assets are spun out to shareholders in a new public company which is Kondradt shell company .
Its pretty obvious what the outcome of the PEA will be, given the detailed information already available .
It will probably be released before the November report date.
So, along with the final drill results, we should have a very strong few months ahead of us,,