HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Always look at the Big Players still in the game Re: WHY ! re current value
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WHY ! re current value
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John Lennon
Oct 26, 2019 03:59PM
Always look at the Big Players still in the game Re: WHY ! re current value
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JamesBay
Oct 27, 2019 10:49AM
Re: Always look at the Big Players still in the game Re: WHY ! re current value

seahawks
Oct 27, 2019 03:10PM
Re: Always look at the Big Players still in the game Re: WHY ! re current value
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JamesBay
Oct 27, 2019 03:55PM

Why is the biggest player (RCF) still "in the game"...because in an era of negative-yielding bonds and ultra-low interest rates, 8% per annum interest (in convertible shares) is a pretty nice return ..granted the return is an unrealized gain at this point and an argument could be made that if NOT goes belly-up they wouold not get their original $15US million back, not to mention  the opportinity cost of that loan which could have been invested elesewhere as of 2013. However, at any point RCF could "call-in " the loan and ask for the $15million US in convertible shares (~80million)  could they not? ...then take the company private ? Any safeguards in place to prevent that from happening?

Cheers,

Luker

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