RE:RE:RE:RE:RE:RE:RE:Contingent Rightsseriousinvest wrote: that's easy. If the management waits until the rights expire in 6 years they will not have earrned any income from the mine during that period. The mine in 6 years (at current depressed Ag prices) will net pretax income of more than $1 Billion. Anyone who would avoid the modest dilution of roughly 7 % and foregoe $1B of profit is not making a decision that is in either jn their best intersts or those of the shareholders who do not own any rights. BTW there is probably a significant portion of the current shareholders who were initially issued the rightts as part of the merger although I could not calculate how large a percentage that is.
They haven't been getting any revenue from Escobal for haw many years now??? A few more ain't going to hurt!