You can disguise this news which way you want, but this MGA is worth when sold between £6-14 million to ECR. This as now not been factored in at current sp, so this is a no brainer. Plus the bigger news is yet to come. :)
ECR will have interested parties looking and I posted last week that a party is already lined up and hence the pressure on FH to find closure but a procedure needs to take place and who cares for a few weeks
I don't want the sale until New Year and legal due diligence etc it'll take that long I'm sure
I'm just glad we can move on from the FH debacle and concentrate on our own operational plays at Itogon and SLM
MGA has always been a bonus and once we get the cash consideration where will it be spent ?
I'm always looking ahead of the obvious news and that sum let's say £10m won't just be sitting in our bank account looking good PJ will picking up a distressed gold producer and has the power to play hard with pounds notes burning in his pocket
Just look at the outstanding deal he's do one at MTR in buying KIBO shares at 1.5p and warrants at 3p
This is the REAL deal beyond just getting the money and I hope we drop to .10 as I'm buying the lot !
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