AUR 0.00% 0.7¢ auris minerals limited

Ann: Copper-Gold Resource Acquisition, page-20

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  1. BBV
    1,699 Posts.
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    If I am the sceptic you are referring to Shady then I didn't quite call it a "con job" from memory and keen to make that distinction given your reference.

    I still regard the transaction as fundamentally being about removal of the first right of refusal rather than the acquisition target.

    Essentially in my view, RNI have issued 5m shares (no cash) in return for WGX removing that potentially significant obstacle, should commercially viable discoveries be made down the track.

    Its possible that key investors wanted it gone as well.

    RNI possibly see it as becoming significant issue soon and want all the risk removed ahead of that and that is of interest to me as I am all for a solid gold pursuit within RNI's BB holdings
 
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