Post by
arh0070 on Feb 25, 2020 2:13pm
RNX beta hunt royalty
Pretty obvious that a concerted effort is being made to try and pressure MMX (of which I am a shareholder)to reduce the royalty on the beta hunt which is owned by RNX .Recently RNX has added the founder of Red Cloud securities to thier board .The beta hunt mine is currently the largest source of revenue for MMX and if they (MMX management )agreed to a reduction in royalties without a substantial market value based payment, this would in my opinion be a breach in the fiduciary responsibility of MMX to its shareholders and likely cause a reduction in price of MMX Stock .Adding an ore sorter to the beta hunt would do nothing for MMX since royalties are not dependent on cost of production .An ore sorter would just accelerate payments but increase the depletion of reserves so the long term net effect in this era of low interest rates would be zero for MMX but decrease costs for RNX.