SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Gold/Mining/Energy : ANATOLIA MINERALS CORP...AMCD.U/CDN

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr Metals who wrote (25)5/28/1998 8:28:00 PM
From: stuffbug  Read Replies (1) of 39
 
Better be careful boys. There's no floor on the additional
shares. If the stock remains at US 0.45 for ten days after this deal closes, RIO will be able to purchase approximately 6 million more
shares for $2.5 million. This will give RIO over 30% of the company
(plus the option to earn 60% of the deposits) for $4 million plus
exploration costs. This assumes that the statement regarding 24 million shares fully diluted includes these additional shares that
RIO may eventually purchase. It is in RIO's best interest to keep the stock as low as possible until they have purchased their additional
shares. Let's hope that there is some sort of trading restriction on the shares just purchased by RIO. Otherwise, RIO could sell these shares to depress the stock price and then pick up millions of very
cheap shares.

This is a great deal for RIO. It remains to be seen whether it is a good deal for AMCD shareholders.

Regards,
Mike
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext