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Smiller i do see your point now. but lets see what Monday brings.
M&A season is really gaining momentum
Napth I would like to think this isnt the case but my 5 years in AIM have caught me I cant trust any of these CEOs and board members and its now a red flag for me if large holders have their fingers in multiple conflicting pies.. lesson learnt. Lets see what happens Monday but
"and just means a bigger better partner for us." Well not this JV, may be better ones in the offing. Been looking for another JV for over 5 months, all we get is another one of the RS's companies.
UFO mkt cap £11m, ERW mkt cap £2.5m, so a quarter of the size. Let's hope they have some good Geo's. Could be the ERW plot, just below Azure's has nothing.
Napth my point is more if there is known Li from cores and site visits and erw knew there was a takeover for them on cards it's very convenient that our deal was struck a week before when Rich is a big holder in erw. It would scream of shady deal. Taking from ufo to give to erw for takeover deal. We will see Monday
What are you going on about 50% for 4 mil is a bad deal
Its a good deal, and just means a bigger better partner for us.
Some people just cant see the wood for the trees
None of these people will ever have to answer for anything they do.. AIm is a free for all and many of them know it .. there are many conflicts of interest in this region..
Frankly i was never bothered about the Lithium.. if there is some or lots then let someone else drill it and see whats there.. this was always my point about not using the JV structure for Hanc0ck.. as you always give a lot of the project away.. for the record 50% of the Li is not that bad a deal.. a lot of JV's give away 80% +
@smiller Spot on wait till the deal comes up with AA it will be another sold down the river IMO . Never licked the fact AA board member ,said foe a while something stinks .
Yeah but if they are bought out a week before we do our JV I mean thats insider Rich dealings at the highest level. Not sure what recourse we would have ? But thats insider deals for all to see. The board of UFO have not acted in good faith to its shareholders and infact gifted another company all of the Lithium upside. The way I see it
ERW & ARV both on a trading halt.
@Smiller yeah I would have concerns myself.. as there are quite a few common "folks" knocking around in the Pilbara area.. but if Errawarra were bought out it would not suprise me at all .. looking at their other tenements the are direct neighbours with Azure Minerals..
The whole place is intertwined.. i guess we will see next week..
ARV have been out raising cash, oversubscribed. See P17 onwards -
https://wcsecure.weblink.com.au/pdf/ARV/02805837.pdf
We don't know why Errawarrra trading was halted i guess we expect a RNS monday. But with the completed Azure minerals buy-out today, the area is hotting up. buyout today completed, the area is definitely hotting up. How would people feel if Errawarra was bought out week after we gave 50% Li licence away for 4 million drilling? That would stink of corruption. Best we can hope for here is drilling is done proving up the resource and area and time for the SP to climb before any talks of a takeover etc. Or am I wrong in thinking this?
Sorry my big fingers🙃🙄
napthman1👍
Naprhman1:
Iron ore😁
Why are you excited napthman.
the errawarra tweet is not with ufo is it.
Or have i read i wrong.
Praise the lord... let it be the day.
Im a little excited for next week.
Probably have to learn more patience but i did say to 2020
I think its June for all my miners to explode
£££££££££
Cha ching 😂
Lyndon i sold out not to
Long ago at a loss and now how double what i had before,
Iron, silver, lithium, platinum, rhodium, palladium, a little gold.
Is there anything i missed out?
Very exciting stuff Napthman
Cj great work you do put lots off effort in
We seem to have it all with UFO matter of time
Onwards and upwards space cadets
Lyndon
Lyndon looks like everything will be revealed next week
Cj looks like it. Im just glad my friend 2020 gave the heads up about the license and ive got 9.2 + million of these bad boys
Make== male
Sorry
Just replace the )****
With
🐓
Make chicken
lol
Hope we have the same on our tenements 🙏🏻 Lyndon
Great find that
It looks like we are about to see a flood of M&A activity in West Australia
Elephant country I am told:-)