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Oracle Mining ( Oracle Ridge picked up for peanuts by Red Kite CORRECTED

First shareholders are anally violated, then private equity comes in and scoops up. It's evolution, baby.

As RK and its spin-out firms tend to be good at USA mine projects and also politically sensitive projects, this deal fits on more than one level. As for management, it's obviously not great for equity holders but to be honest I can't blame them, they have a mine to build and selling your sould for rock'n'roll is the only way these days. NR here.

CORRRECTION: My bad, RK Equity isn't nor is it affiliated to Red Kite. Silly mistake, done by assuming rather than reading.