(Modified 'ramping' posting from previously moderated post)
ROS is carrying through with its plan to add & accumulate shareholder value as stated in its initial company statements. ROS, unlike many ASX listed companies, obviously has a great deal of foresight, passion and conviction to profit through its deal making ability.
Akjilga is an extremely valuable asset ... 146million ounces of Silver!
This is going to be one of many spin-outs I would imagine and not the last for this year - I am sure!
The spin-out will create an opportunity for the board to do an in-species distribution of TSX listed stock back to ROS shareholders as a dividend. If you are not on the ROS shareholder register, you will get no benefits at all.
Once they start promoting this stock and asset it will be worth who knows how much?
ROS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
