RE:RE:RE:RE:RE:RE:RE:SpeculationI think the timing was right. Soljitz made so much money last year, they already wrote the loss off last q, to save on tax. Florence metal has to stay in the u.s.
Soljitz does not operate in u.s. Gib has been a 3 year boondogle. Stu did not deny soljitz reasoning. If florence gets permited tko can meet any gib liabilities. If it does not get permitted, then they need high metals price. The metals price are not currently high enough.
It sounds like tko already had there foot on the throat. A small down payment on closing and then a 5 year metal stream to finish. Essentialy sol is giving them the deposit to get out.
The epa has vetoed the ndm pebble project. Ndm is saying they will sue the epa.
That is our board of directors. We wonder why no flor permit.
Sol just wants to get away.
Happy guessing.
nf