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5/10/16

Bad news for Radius Gold (RDU.v)

KCA won't have this money for you so very soon.

For the rest of you, yesterday Monday police in Guatemala arrested four mine workers and confiscated (what they say is) U$1.9m worth of concentrate from the KCA "El Tambor" mine, which is subject to a court-ordered closure order but as police discovered, the company have been mining there all the same. Naughty naughty, Kappes.

As for the RDU connection, they sold the mine to now owner/operator KCA and get a share of the cash flow, with a heavier weighting in the first years of production. Or they did until this week, anyway.