Can anyone explain to me the 0.5 cent increment past .10 cent rule? Its weird. RMS trades at .01 cent increments all the time, for example .477 cents.
Surely it is more relavent for DGR to be able to keep going at .01 cent increment.
On a totally seperate note I really started looking at BHP's takeover of SOLG from BHP's perspective. These mining companies rise and fall on their committment to safety and environment. Being able to control their destiny in this regard is paramount. You only have to look at deaths coming out of Grasburg and things like Samarco for examples of where the big boys got involved without operating and then got tarnished, even Escondida had a death last week.
These companies live and die on this stuff, no wonder they want control. Their deal making needs to be more inovative and leave share holders in companies more of the upside on the table, while at the sametime garnering the controlling interest they quite rightfully require.
As for investing in countrys with large projects with all sorts of soverign risk, just have a look at Rio's recent departure from Simandou. Another complete haircut.
Im not saying Solg is in a bad jurisdiction, Equador is certainly not Guniea. More trying emphasise the desire for scale
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