'rivals at mine's door', page-8

re: 'rivals at mine's door' - joint venture?? as an extra, to my post, from yesterday, and in relation to any ideas about a joint venture arrangement.

i was looking through some recent posts, and chanced upon a post in relation to mrc (mineral commodities) - and the following is what two posters contributed :


mr dollar wrote


This company is a complete JOKE !!

I have held on to these with the belief that things will turn around but I have had a gutfull and sold out this morning of all my MRC and MRCO's...

They have sold out the controlling interest of their projects and are now a minority holder...This would have to be the worst posible result for MRC share holders.
I was tempted to sell out last wek at a slightly higher price but held on to see what was going on but now enough is enough of all this cr*p with this company...

I have taken my profit and disappeared for good from this company that unfortunately has been run like a sunday market !!!.....

and meerkat wrote the following

nobody likes the MRC deal and it's easy to understand why.

MRC becomes minority partner in mineral sands when the deal goes through. People have waited a lifetime for their mineral sands deals to happen now they've just given away 51% of their stake for a lousy $10m over a period of time (probably years).

bad form MRC, and now you'll pay for it.

what a larf eh drunk?


at the time, that i wrote the andean post, i had not read the mrc report, as i simply have no interest in the stock (except for a shareholding about 7 years ago). however, interestingly, the report gives the type of scenario, that i refer to,in my andean post

from watso's point of view

1. there will not be a cash bid

2. there will not be a joint venture, and even if there is, in all fairness, i would think that it would not be in the best interests of andean shareholders

3. a scrip bid, is the most likely scenario, and the kcn bid, is more than fair. for andean shareholders, shares in kcn, gives the potential for great upside from further exploration success from chatree, as well as from cerro negro.

for crying out aloud - kcn have found more gold, in one year, than what andean think that they might have at the vein zone, and they have been working on that for ages. and to think that andean shareholders will end up with about 25% of the merged group - agghhhhh - i do not like it (except if there is a motza of gold on the andean tenements - which still needs to be found)