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2/15/18

News on the Rye Patch Gold (RPM.v) "strategic review" featuring an old LatAm joke

Three separate sources now tell this desk that Rye Patch Gold (RPM.v) is trying to sell its Florida Canyon mine and its current strategic review is given the order to shop the asset (term used loosely) around. For what it's worth, this humble corner of cyberspace doubts there will be a sale, the reason being the same as the basis for this classic South American joke*:

Q: What's the best business deal in South America?
A: Buy an Argentine for what he's worth, then sell him for what he thinks he's worth.

In a nutshell, RPM's issue. They think Florida Canyon is worth decent money.


*Normally told by Argentines, before you get all politically correct on me. Also true for Chileans, but they don't have a sense of humour.