The Employment Agreement Amendment will provide that if Mr. Cohen's employment is terminated by the Seller without cause, or by Mr. Cohen for good reason (as such terms are defined in the Employment Agreement), the Seller will pay Mr. Cohen a maximum of $1,000,000 as a severance benefit. The Employment Agreement currently provides that in the event of such termination, the Seller will pay Mr. Cohen a minimum of $3,000,000 as a severance benefit.
If Rio Tinto can not make it in Mongolia then other stand little chance of making anything work in Mongolia.
Lee's game is simple: milk it to the end and sell what's left.
They selling equipment and whatever coal they stockpiled. Next is bankruptcy, because real investor will never trust a dime to this clown. They need about 500 mil.
Not attractive to quick pick quick cash speculators.
High cash cost of $1,018US per oz.
Current spot price is $1185.85.
Negative profit margin.
300 mil shares outstanding.
Debt. Dead money.
Why Nolan Watson acquired Royalty on Diavik Diamond Mine that will pay 6-7% over the next 10 years?
Because price of gold will remain around $1,200 - $1,300 for a very long time.
SandStorm can grow only by acquiring more royalties, which is what they are doing.