Not sure how they can describe it as "the successful demerger of Leyshon Energy Limited in January 2014" but this may now become a good Tungsten play. ORM, WRES, PREM and WLFE all developing tungsten assets. Think we'll be waiting until the New Year unless they have downplayed financing negotiations.
Hi Cookie. Yes, looks interesting. I suppose what ITS is looking for is a listing on the London stock exchange, i.e a RTO as mentioned in the RNS. Presumably there will be an issue of equity to raise the US$13 m once we are readmitted. Tungsten is a strategic metal so there is every incentive for far eastern countries to maintain a modicum of independance from the traditional supplier (China). Good to note that ITS is already producing. There could be a lot of positives here, but probably quite a long wait (mind you, Koreans are not known for dragging their feet!)
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