RE:RE:RE:RE:RE:RE:RE:RE:RE:Speculation
JCSunsfan wrote:
nofluff wrote: I 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
Man, you are one extreme or another on this company. It looks to me like they are adding $25 million per year to the bottom line for about $30 million at very favorable terms.
And insiders are buying it up. Insiders sell for all kinds of silly reasons. Insiders buy for one primary reason.
I really don't care about what Fluff buys and sells and for how much. That is his business and it shouldn't impact me. Arguing about that stuff is pointless.
However, criticizing mgmt for not making a statement yesterday was quite premature. It is clear now what happened. They were in negotiations. There were details yet to be worked out. Solitz broke confidentiality. TKO mgmt had to figure out what happened and talk to legal since they also were under a confidentiality agreement. When stuff like this happens you have to have a smidge of patience.