One thing about Cliffs Malcolm is they have 48mm options at 40cents expiring in May next year. Thats nearly $20mm and would give them near 40%.
I imagine that if anything is brewing on the "discovery" front, they'll exercise those before worrying about doing much else.
That would mean that AQD have $35mm to spend on whatever it is they might have found.
are you still in rebel?, page-3
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