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Thursday, March 21, 2013 3:40:38 PM
Once again, we have not SOLD a damn thing until the entire $180 million is paid...as in...IN FULL!!! We have gone over this a million times but for some reason you continue to misunderstand the deal.
a bunch of illiquid shares
The shares are currently listed on Mangold and will shortly be listed on GXG.
a payout stretched over years in the future with unknown terms
Along with the 15% FCI. Find me another mining deal with that percentage please. And for the terms of the deal...Have you read the deal? Didn't think so.
not looking at a very valuable property.
If you have been watching the LDM you would understand that that little piece of the pie alone has enormous value. The Alto is WAY bigger.
Certainly less valuable than the shares you can sell on the "deal" news.
That is one mans opinion. I'll go with Paul Jones or ACA Howe...you know, accredited geologist types.
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