RE: Such exciting VLnews...Hey C6;
Your moniker is so fitting. Is the glass always half empty? Such a sad way to live!!! Anyway, a couple of years back, when AS had singular control of the SA diamond concessions (albeit not 33 at that time), he made the deal with EET to advance the project, and voila!!, we are now diamond miners. True, we retain only 25% interest, but is 25% of something with huge potential not better than 100% of NOTHING........FOR LACK OF FUNDING........IE, HE DIDN'T HAVE THE FINANCIAL RESOURCES AT THE TIME TO GO IT ALONE. Back then, many probably thought he was "giving it away". Today, several on this thread would argue that if we are talking strictly the SA diamond play, MOA gives you better bang for your buck, primarily due to the share count. Can you refute this? If so, I'm listening. Otherwise, I tend to look at the Richmont deal in a similar way. Sure, he's got a 2M "warchest" as some call it, and no doubt some of that money could have been directed to VL. I may call him and ask him about this. He may give me an answer and he may not. He may, as someone has already mentioned, have commitments to Tirasano, that require withholding expenditure of part or all of that money. If this were to be the case, it begs the question, what's next for Tirasano?!! Now I would add to that, what's next for Valantine Lake? Anyway, enough. Time to check the inside of my eyelids for leaks.