Post by
highper on Apr 26, 2023 7:25pm
rusty
In the case of silver grail dino has not taken a salary for many years. The first spinout would roughly coincide with the sale of treaty creek. The treaty creek holding company would be absorbed by the buyer and disappear. Just before it did either the buyer or teuton would pay to get the second spin off completed.
Getting the sulpherets properties out of the firing line takes a lot of incentive away from any predatory pennies on the dollar purchase of them in the treaty creek sale.
If the southern portion of the golden triangle gets real hot, the treaty creek buyer might be willing to pay for the value that goliath and dolly varden bring to teuton's southern land package. Otherwise the second spin out occurs.. So it would be back to the original proposal of splitting into two companies.
goliath just raised $8 million for drilling and dolly varden intends to drill between 40 and 45 kilometers this exploration season to boot.
There is a chance for a significant rise in the real estate value of fiji and tonga especially. And then what if another predator comes along and offers money for those teuton properties and expects to get the sulphurets properties thrown into the deal for pennies on the dollar....
well
Who knows whether teuton has had discussions concerning joint ventures for the southern properties.... The first thing that entered my mind when I saw a spin out of the southern properties is something might be cooking... It also maybe just an opportunistic stroke of genius on teuton's part that is behind this second spin out proposal ...but what would i know as i am only speculating in that regard...
Ken should be drilling within a few weeks and he might just upset everybody's applecart... especially if he hits a valley of the kings type of intercept..