Post by
North_of_60 on Sep 23, 2010 6:34am
Joint ventures vs dilution
Goldbrook:s "agreement" with JJ contains the same general guidelines as one previously sign with Anglo American except for the total funding for the first 3 years, 45 millions vs 20 millions. Back then Anglo funded the first 2 years and then bailed out the third year and retained 0% in Goldbrook. The management did a good job since coming in to Raglan to increase it's holding in the area by m&a and progress with deals mentioned above, without those deals we would have a CO with 600 000 000 share outstanding and counting.
Comment by
fliptwo on Sep 23, 2010 4:07pm
I was told once that one is a veinous hard rock type mine deposit and the other is suitable for open pit operations
Comment by
North_of_60 on Sep 23, 2010 4:52pm
One is fully permitted and on construction stage and the other one is in exploration stage and years away from anything else. Take your pick.