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Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

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Message: Rinky, re selling SLI

ETO
Mar 15, 2011 05:49PM
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Mar 15, 2011 06:14PM
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Mar 15, 2011 07:14PM
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Mar 15, 2011 07:21PM

There has been some discussion in the past re when & how the company will sell. It would be too bad to find we have the world's largest gold mine and someone mentioned it might be too much for one company to buy. I doubt this, as China itself is basically one company when it comes to buying a gold mine, and they have a huge amount of cash in the bank.

Lori is not going to let this company go for a bargain, unless there is too much loose float by that time. One solution to my mind would be to sell half the company for the agreed price, perhaps do a split and in this way there wouldn't be as much immediate tax for shareholders and the new company would (as per agreement) start the mine permits, plans etc. right away. For those that wanted more immediate money than the initial payback, they could then sell part (or all) of their new company shares, leaving the rest for dividends, etc.

We all know the project is extremely attractive as the wealthy open pit returns & low cost mining (with an open pit mine) would quickly payback costs and the dividends would follow. The hiatus until the mine is running will be offset by the expected climb in gold prices.

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Mar 22, 2011 08:23PM
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Mar 23, 2011 01:16AM
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ETO
Mar 23, 2011 10:53AM
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Mar 23, 2011 12:41PM
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ETO
Mar 23, 2011 01:07PM
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Mar 23, 2011 01:15PM
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Mar 23, 2011 01:51PM
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