Two things come to mind with RIO's potential play:
1. It seems to be merely a commercial transaction, but without the security guarantees that the DRC is seeking, and
2. If successful, may ultimately be a cash plus scrip offer, which allows RIO to offer a premium over KoBold.
Regardless of who ultimately wins the cupie doll, I kinda think that more potential suiters will be running the numbers.
Cheers
F
1. It seems to be merely a commercial transaction, but without the security guarantees that the DRC is seeking, and
2. If successful, may ultimately be a cash plus scrip offer, which allows RIO to offer a premium over KoBold.
Regardless of who ultimately wins the cupie doll, I kinda think that more potential suiters will be running the numbers.
Cheers
F