Factual and positive RNS. Admission by the BoD they are aware how fed up we are waiting for them to achieve an investment/RTO. They have not rushed into an investment/RTO. Good business plan - reduced costs, cancelled Director options. Manas not completely dead. Investment now likely in Australian minerals operation. All we can do now is wait and guess, although the wait won't be long as it seems everything needs to be completed by the AGM on 09 Dec 2014. We have waited a long time for action from the BoD and I feel we should get behind them and give them a chance instead of knocking them until we know the deal. One intriguing though has crossed my mind, wasn't it an Australian company that has disputed the Manas area? The Queensland coking coal mines that supplied China were all flooded out a couple of years ago in the massive Queensland floods. Is there a possibly a link? Pure speculation on my behalf. GLA.
RNS Extract: "However, the Board is currently at an advanced stage of discussions on a particular transaction relating to a minerals operation in Australia and hopes to provide shareholders with an update shortly. "
Several ways I can see them doing it- if they have new II support, in which case they can get it across. I suspect that would require the project to be very exciting. Alternative is to consolidate, then do a share placing at a heavy discount to whoever will take them. Some PI's wouldn't do it, but I suspect at a 20% discount they'd be oversubscribed. Alternative is an EFF to provide an as and when income based on the share volumes here increasing on the back of an investment. They can manage a placement I think, it'll be interesting to see how though.
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