When a mine reaches the end of its life

[Pommiegranite]

A few questions to the resident experts, any info appreciated

A company locates reserves and develops a mine with a planned life of 4 year.
The company has no plans to develop other business interests

As each year passes, are profits usually distributed to shareholders or retained as working capital?

Are there any examples of mining companies calling it a day and winding itself up?

How does affect the SP? Eventually does the SP remain constant with the expectations of a distribution of final profits? i.e do shareholders stay on board to the end?

Are there any reasons for a junior company agreeing to be taken over, especially when a Feasability study has been calculated, and showing an operation to be profitable?

Thanks

 

[steven1234]

The public listing of the company itself is of value and i don't expect it to be too common for a publically listed company to be voluntarily wound up. RMG is an example of a mining company that "bought out or took over" a debt collection buisiness that was in strife. I think its cheaper and less headache to do it this way intstead of go through the listing process.

 

[Captain_Chaza]

The public listing of the company itself is of value and i don't expect it to be too common for a publically listed company to be voluntarily wound up. RMG is an example of a mining company that "bought out or took over" a debt collection buisiness that was in strife. I think its cheaper and less headache to do it this way intstead of go through the listing process.

These are commonly known as Back-Door listings

They are in fact Maiden Voyages entering the market from a different gate

Salute and Gods speed