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Abitibi Royalties Inc V.RZZ

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  ATBYF

Abitibi Royalities Inc is engaged in the process of exploring, evaluating and promoting its mineral properties and other projects.
Price: $2.65 | Change: $-0.25 | %Change: -8.62%
Volume: 14,730 | Day High/Low: 2.89/2.65 | 52 Week High/Low: 2.90/0.30


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RE:RE:RE:RE:RE:Right of First Refusal

2million quid doesn't change the fact that Mullan himself has been outwitted by the Chinese re Canadian Royalties...his reputation is spotty at best....he's been involved in a lot of litigation that...read more
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RE:RE:RE:RE:RE:Right of First Refusal

I think we are talking 2 different things here. One is the current carried option/royalty (the court case), and  the second is this "right of first refusal" issue. I agree McEwen did not just toss $2M...read more
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RE:RE:RE:RE:Right of First Refusal

k613 wrote: Mullan's record is spotty at best.... So you'd contend, then, that Mullan has managed to hoodwink Rob McEwen to the tune of $2 extra-extra large.   Or was Rob just feeling sorry for poor ...read more
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RE:RE:RE:Right of First Refusal

Mullan's record is spotty at best....  rate and reply
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RE:RE:RE:Right of First Refusal

Just look and see where Osisko is and what it has done and accomplished and what Mullan has done ...or undone...Canadian Royalties ring a bell????  As a betting man...my money is on Osisko......  rate and reply
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RE:RE:Right of First Refusal

k613 wrote: Mullan is a sly dog....but he's fooling himself if he thinks he'll out fox the Osisko people.  And you know this................ how?  rate and reply
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RE:Right of First Refusal

Mullan is a sly dog....but he's fooling himself if he thinks he'll out fox the Osisko people.  rate and reply
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Right of First Refusal

I see in the latest Calandra report posted above on this site that Mr. Mullen is still talking about exercising the right of first refusal. If he is serious about this, he is going to need a lot more...read more
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RE:RE:RE:RE:RE:RE:$2M vote of confidence

Yep, correct. I don't plunk down more money (I am already invested with RZZ) just because McEwen invests. We don't even have a clear idea of what the money will be used for other than potential legal...read more
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RE:RE:RE:RE:RE:$2M vote of confidence

adit123 wrote: One thing we know for sure is we don't know for sure what is going on! Difficult to make a decision to plunk more money into this but that is the nature of these things! Huh?  McEwen...read more
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RE:RE:RE:RE:$2M vote of confidence

One thing we know for sure is we don't know for sure what is going on! Difficult to make a decision to plunk more money into this but that is the nature of these things!  rate and reply
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RE:RE:RE:$2M vote of confidence

actually i believe the 2 million says we are ready for a court battle....................rzz prides itself on not needing money or needing very little to operate..........so why the 2 million...read more
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RE:RE:$2M vote of confidence

I subscribe with Thom Calandra and he talks directly to management; the goal of RZZ management is to make sure that every last detail of the carried interest and such is spelled out clearly and agreed...read more
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RE:$2M vote of confidence

I agree it is a vote of confidence from one of the top names in the industry. It certainly makes me feel better; and adds $2,000,000 to the coffer to boot. This is one strange story with lots of...read more
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$2M vote of confidence

Well, at least we can assume that McEwen would not drop $2M on RZZ if he had not done his DD and figured they had a winning hand (I know nothing is assured). No details on where all the court...read more
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RE:RE:Right of First Refusal

It would be nice if RZZ made an announcement about the status of the arbitration, because we are all totally in the dark and don't really know what the issues are before the arbitrator. As some of the...read more
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RE:Right of First Refusal

Good point on valuation of RZZ; that will prevent any meaningful negotiations. At some point OSK will just get tired of it all and make a hostile bid; which won't work given all the shares tightly...read more
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Right of First Refusal

I agree that it makes more sense for OSK to buy out RZZ. The problem comes with the valuation of RZZ; the new discovery has thrown up expectations and who knows what the newest drillholes will show...read more
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RE:Right of First Refusal

You would think it would be the opposite; that is, OSK buys out RZZ just to be done with them!  rate and reply
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Right of First Refusal

I agree that this press release does not make sense. Why would RZZ want to buy out OSK's interest in the agreement, and where would the money come from to pay for it? Even if the right was triggered...read more