Post by
shiftyone on Oct 02, 2023 11:28pm
I can't understand why
Why did NFG not buy Pointe Rousse outright?
They own 40% of the Secured notes. Which have collateral over the whole company. I don't think that in the worst of cases Dundee wantes to own 20% or more.
Why did they structure this the way they did?
Friendships maybe.
Their are some great results in NFLD right now. Not only by NFG.
NFLD has some fault lines. Mae is on one of them.
What if they all were amazing?
I can't undertand why NFG didn't just buy Pointe Rousse.
Perhaps they were really interested in the Hammerdown project and couldn't come to terms.
So a friendly deal was made with the unspoken promise that if Hammerdown goes for sale NFG gets first rights.
NFG wants to control all the gold in NFLD.
Me, I just post what comes to mind. Good luck.
Comment by
shiftyone on Oct 02, 2023 11:46pm
ps. When NFG gets to the point of wanting to process gold. They will easily be able to spend $50 million on a state of the art mill. So I think it is something else that they are really interested in. JMO
Comment by
nozzpack on Oct 03, 2023 10:16am
$50 m wont get you a 1 m tpa state of the art mill..