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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?


To: the Chief who wrote (222)11/2/1998 10:58:00 AM
From: the Chief  Read Replies (2) | Respond to of 1996
 
Claude Cormier posed the following question on the ARP thread:

Message 6251507

My response is:

Hi Claude. SORRY TO CLUTTER ARP THREAD WITH THIS INFO. I WILL MOVE THIS DISCUSSION TO THE ROCK RESOURCES - RKR THREAD, HERE IS MY ANSWER FOR THOSE THAT ARE INTERESTED IN THE ANSWER!
Certainly like all juniors viability is directly proportional to $$$$$$$$$$! If we look at the settlements in the past, the BC gov. was penalized for delay! The "geologist" suing for expropriation of his property got 100% of what he was asking, and was awarded an additional 100% for unacceptable delay by the BC government. The delay was 1/2 the time delay the BC gov has put Rock thru!! The shares outstanding/full dillution can be directly contributed to the BC Gov delay, and the expropriation (which will up the settlement amount).

What may happen, if a large settlement is received is a share buy back so that this company gets down to a lower sharecount. I know this is being pondered as we speak. Secondly a sizeable settlement would allow a fully funded drill program.

Looking at these aspects, the risk level is "massaged" on this junior compared to many many others!!! The CEO of Rock Resources is a "Lawyer in good standing with the Bar of BC". He believes they have an excellent chance of full retribution and also believes there could be a sizeable award for the delay. The total award could go as high as $25,000,000 to $30,000,000!!
Company directors include an EX-RCMP "fraud investigator" . I like the makeup and chances of this company!!

the Chief