Another great idea, however, the buying of the shares at current market levels would amount to only 4 million dollars, which IMHO, would not buy much of an interest, especially after the House report. They paid 24 million for 80% interest, so that would only be 1/6 interest in 80%, or about 13% interest overall. Could be, but Im still in KMT's camp. Additionally, I wouldnt want management selling a 13% interest in these properties for only 4 million UNLESS that jv partner was also committed to spend XXXXXXXX dollars in proving up and developing the Santiago. Hmmmmmmm, now there's a thought. MDIN would retain 67% interest, and would not have to fork out any money for proving up or developing land. Hmmmmmmmm
I love this speculation, however, as KMT stated, hopefully it will all be cleared up soon by management. Although another angle supporting the possible theories by WHL and Mike would explain the delay in announcing the share deal. If it were as KMT and I think, it shouldnt take much time to put a press release out regarding the swap, unless they were packaging it with other news. Another Hmmmmmmmmm GG |
