re: Ann: Acquisition of Andash Gold-Copper Pr... Fido,
ROL's acquisition was driven by their position of strength.
Kentor are a quivering mess with their Murchison operation going belly up.
Needed cash, ROL knew that, Salim Group knew that, here's 15 million for a project with a 240 NPV.
Obscene purchase, played on the desperation of KGL and walked away with a 6 year cash cow.
The hurdle, and it seems to be the elephant blocking the road, is to bypass the locals.
The way I see this occuring, SG will lean on Chinese connections, who will then lean on the locals.
KGL went straight to the locals. Probably not the smartest approach.
If ROL can tap into the Salim network and get the project kicked off, ROL will rocket.
15 million dollar gamble, potential upside is pretty impressive.
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