Post by
psj567 on Apr 24, 2016 7:04pm
Get Real and Stop Your Complaining
Many of us long time RMC shareholders are already sitting on over a 1000% gain. The NSU deal will likely add significantly more gain-- we will all know tomorrow. Obviously NSU's cash will be used to fund exercise of the ROFO. The two most important things, assuming NSU's brief post on its website today is correct, is that 100% ownership of the high grade has been consolidated into one company and therefore development and mine construction can move forward expeditiously. Second, the minority position in the lower (porphyry) zone has also been consolidated into one company f(rom what would have been RMC and LUN separately), which if my memory is correct, is 46%, with FCX retaining 54% of the porphyry. So RMC shareholders as part of this newly combined NSU/RMC company own significantly more of Timok than we did 24 hours ago. RMC shareholders should receive a significant premium in this deal since it is RMC that has control of the asset. We will all know in about 14 hours from now.
Comment by
ouzo12345678900 on Apr 24, 2016 7:49pm
This post has been removed in accordance with Community Policy
Comment by
goldminer57 on Apr 24, 2016 8:39pm
Show mean actual press release. I went to Nevsun web page I see nothing.