RE:RE:RE:Keats Royalty Buyback by NFG…rationaleGood post nozzpack. Very busy these days but a couple of points. Yes I did buy into this story, not a huge amount (less than a million shares) can see a quadruple here easily.
The point you make about the mill is valid, Maratime could in essence buy all the gold that's milled for a third party, pay them spot minus 15 to 25% and then make an extra $50 an ounce selling the Gold forward 3 months. Example, spot today is $2.662 while the forward January contract is $2.725. Overtime these $50 to $75 extra an would really add up.
Saw the news on Signal, shame it all came to a merger. Basically that's going to dead money now for at least a year.