Galway Resources Ltd V.GWY

AUX - 49% Sold!

[nor_easter]

Link: https://www.businessweek.com/news/2012-06-21/eike-batista-sold-49-percent-of-gold-unit-to-undisclosed-buyer

Eike Batista Sold 49% of Gold Unit to Undisclosed Buyer

By Rodrigo Orihuela on June 21, 2012

Brazilian billionaire Eike Batista said he sold 49 percent of his AUX gold unit to an undisclosed buyer who he will announce in September. The purchaser isn’t a gold company, he said today in Rio de Janeiro.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at [e-mail]

To contact the editor responsible for this story: Robin Saponar at [e-mail]

[nor_easter]

Sorry content cut-off. Eike Batista Sold 49% of Gold Unit to Undisclosed Buyer   Brazilian billionaire Eike Batista said he sold 49 percent of his AUX gold unit to an undisclosed buyer who he will announce in September. The purchaser isn’t a gold company, he said today in Rio de Janeiro. To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela

[fisherman8]

I wonder why the wait until September to announce the undisclosed buyer?  Maybe the undisclosed buyer wants to confirmation of the GWY sale closed first. I think the 13 M oz Eike has referred to includes GWY. The pieces seems to fit together. So the big question, why is the volume not picking up on GWY if this is close to a done deal?

[NaturalCurrency]

I dont think he will be including any GWY estimate in a public statement (though he does have a foot in the mouth problem - when he publicly said that he paid 1/3rd of real value for VEN not realizing that down the road he has to buy the entire mountain).    And I am pretty sure he said 10-11M Oz (and not 13M Oz). Let me try and find that video which somebody had posted here

[nor_easter]

Eike: "It could still grow." Month ago video: Eike mentions reserves of AUX at 11 million oz and drilling may continue... Aux at .50s mark. Link: https://www.youtube.com/watch?v=U0UpgEAo01M&feature=plcp