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Re: ballstreet post# 24516

Thursday, 07/18/2013 1:34:23 PM

Thursday, July 18, 2013 1:34:23 PM

Post# of 62039
Well, the mine rights and SIRG stock are two separate issues.

If Monaco held 80% interest in the mine then they would hold majority and could mine it, sell it, whatever. SIRG should still receive 20% of whatever profit that Monaco generates.

To make any changes to SIRG, Monaco would have to hold controlling interest (over 50%) of SIRG stock with voting rights.

In other words, only buying the mine gives Monaco no control over SIRG.

I would assume that if Monaco bought 80% from Grand View, they would also want to buy the remaining 20% from SIRG outright and not obtain it through taking controlling interest of the company.

In either scenario, Monaco buying 80% interest in the mine would be a good thing for SIRG.

All IMHO

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