Originally posted by sydneyguy:
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I'm not implying NCM is a shareholder or even interested in AMG. Ive been following NCM for a very long time, for reference, the current management team imo at NCM are not afraid of spending huge money as they have large credit lines. In march they paid 250M usd, way above the 30-60 day average for 25% ish of Lundin Gold in Ecuador, plus agreed to further spending.....what I found interesting at the time as that the project was insanely over budget twice, has since borrowed more money, isn't supposed to be in production till the end of 2020 - but they seemingly went into a business years away from turning a dollar with a history of being grossly over budget like a mega bull...……..gives you an idea, if the current management want something they go hard.
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Sydney
Why would Round Oak Minerals sell the Golden Mile to AMG if it was full of gold ? Does any one know why, or where AMG simply proactive seizing an undervalued asset ?