RE:RE:KOBADA, words to be clarifiedInterestingly enough back in Oct 11, 2017 AGG was entered into a binding LOI with Hummingbird Resources for strategic investment and joint development of the Kobada Gold Project. At the time HUM was to acquire up to 19.9% for 8 mil and they fund 100% of the capital costs to build the mine and processing plant, for a 50/50 joint venture. 70% of the net cash flow would go to HUM until all such capital costs were repaid and then cash flow was to be shared 50/50. This deal no doubt was dissolved and I don’t know the particulars as to why, however you can’t say Hummingbird isn’t/wasn’t interested in the project when they previously had a formal deal on the table, more then can be said for Robex.
Theres also no doubt Robex is interested in the Kobada permit, although I’ve never been privy to any official offer through a PR statement.
One thing is for sure, especially after the AGG webinar today, Callow and us shareholders are not interested in a 2:1 stock swap with RBX. I would much rather take the Private Placement to raise some capital to extend the runway as jdn55 mentions. Robex would be a great partner, however, at reasonable price.