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Message: Re: RML for Sale

iop
Jun 04, 2009 07:51AM

Re: RML for Sale

in response to by
posted on Jun 05, 2009 12:41AM

The RML directors have voted themselves a bonus if they can sell the company. What sort of a deal is that?

What is their incentive to get the best price for the shareholders if their bonus is fixed regardless of what they sell it for?

And what happens to the "Most favoured gold miner in Vz status" if the Russian principals leave the company with pockets full of cash and the buyer is left with just another small Canadian gold miner with unaudited books, large debts and whose only assets are all in Vz courtesy of Hugo and his love of Russians...

Who would want a pig in a poke like that?

1
Jun 07, 2009 08:06PM
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iop
Jun 08, 2009 04:09AM
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