Market finally waking up, page-30

Could be a possibility and AUZ may raise enough now to offer to buy RIE out. You know if they raise in excess of $4m or $5m that it may be likely.

Given what we now know though I don't think RIE would be giving up there 20% for even $5m.

Would anyone if they had to make that decision? If the rc results come in very good then really what do we value the resource at? $50m? 20% of that is $10m. AUZ MC has already touched $38-$40m.

This was from RIE's announcement where they sold one of their projects:

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27 November 2015
COMPLETION OF SALE OF CHERITONS FIND PROJECT
Riedel Resources Limited (ASX: RIE "Riedel" or "the Company") is pleased to announce that the divestment of Exploration Licence E77/1793 (Cheritons Find) to Hanking Gold Mining Pty Ltd ("Hanking") for $700,000 in cash has been completed and the funds received.
The divestment represents an excellent outcome for Riedel as it significantly bolsters the Company’s treasury without dilution of shareholders equity in the Company. Riedel is now well positioned for future growth and the Company will continue to judiciously manage its cash resources.
Current project expenditure commitments have been minimised with all exploration funding for the Company’s two active joint venture projects being attributable to the farminees during the current joint venture earn-in stage. Furthermore, the wholly-owned Millrose gold project in Western Australia is held under "Retention Status" which does not require minimum annual exploration expenditure commitments to be met.
Therefore, in the event of a significant discovery and/or development decision being made at either of the Charteris Creek or Marymia Joint Venture Projects, the Company’s strategy is to position itself to contribute to future joint venture funding, if it chooses to do so.

I would have liked it if they went to RIE first and said hey pay for the next round of drilling and we'll give you 10% back. Anyway that doesn't seem to be happening and there will be more shares on issue. There intentions may very well be to buy out RIE's 20% very quickly but for how much is the question?