Startfromscratch,i have a second house in Zalavar going on the market in apx 2 weeks time! Very close to Kiss Balaton or baby balaton as its known just had full dampcourse,all round double glazing,new flours etc fully painted inside and out blah blah 1 bed detached, large garden large barn,plus field, 21k for quick sale! Sorry for off topic folks,but all proceeds towards xtract
Also, a quick positive on the sale process. We know the buyers very well, and they know what their getting. There is a high chance it will go through very smoothly, methinks. The Manica sale, & the new aquisition, could be weeks apart, so, theoretically, we could be looking at mid July, which is around 6 weeks away :-)
whats six weeks when you enjoying the beautiful English summer...
Morris - apologies if you thought my post aggressive but I cannot think that, because JN flipped Manica for a decent return and no dilution to shareholders (and likely other reasons not clear at present, IMO), he would want to sell Chepica, the reasons for keeping which I described below. As you say, you don't trust JN any more - perhaps your best course then is to your position in the Company.
Budapest. Visited a month ago really fantastic place will be going back soon for Another mini break .I wouldn't mind getting a holiday home in Hungary .anything going for around 25k.with wizz air can get there £100 for 2 return .still have to wait for xtr to multibag first.
Get serious .... Lord snooty no need to be so aggressive. Did you expect Manica to be sold ? I think the option two sell Chapica depending on whats its worth..... have the proceeds from both sales and buy something else that's in full production already. I don't trust Jan at all anymore so my theory is expect the unexpected !
JN won't be able to say much more on acquisitions while Manica sale is pending. Quite apart from nothing being confirmed until the sale is confirmed, any inkling as to identity of any target(s) would be very poor security and might potentially attract rival bids. Having said that, who knows, perhaps the Finals RNS due in the next week or two could contain some morsels to interest shareholders in other areas - for example, the Chepica-related news listed in the Q1 update RNS as being due in Q2: Chepica surface drilling results – estimate of geological potential at Colin Chepica Tailings project – economic metrics Company cash flow & funding - earn-in renegotiation Chepica Resource upgrade Progress on tailings dam wall.
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