Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Not specifically but we've obviously compared with those closer geographically. I'm aware of metal tiger, their CEO and KCB. However not so much with their project.
What's made you think of that comparison, anything interesting, and have you?
I was referring to a buy out of Fwiji only. Not a total buy out of all ARC's licenses. Apologies
Has anyone compared Arcm with Metal Tiger, in the Kalahari Copper Belt, for a Cu comparative play?
If AA do no come up with an excellent buy out price that suits ARC I would tell them that is it and definitely not extend the EA. Others will offer a lot more in my opinion. The EA to a point was good but when this one ends there is no need to extend.
A possibility for me has always been (particularly because of the license changes) a deal on an area i.e. Fwiji (price A or B dependent on extra drills) and then a first refusal maybe with an EA on the/some others.But it's all guesswork and I think next week will start the process of which there will be a few stages. GLA
Wish the board ask shareholders if an extension is approved. If AA can’t offer a tempting deal and doesn’t mean they offer a billion, but both parties are incentivised after having 12 months of the first opportunity to bid. I rather we had an open tender and see who comes up with the best value for ARCM.
I rather we have no deal now than a bad deal and could get a lot of value through more drilling or opening up to others.
This board have made it clear we don’t need a deal at a bad price.
@SH
Agreed - only way ARCM will agree to an EA extension now is with a fixed future completion date agreed with last minute details (legals et al) being concluded in the additional extension. Otherwise if no completion date and consequently no extension, then AA leave themselves open to a very real counter bid from others (let's not forget we know AA have put a proposition to ARCM already).
Importantly, ARCM would not turn their back on AA after the end of the EA, but the gloves are off from that point onwards.
Clearly if AA do not respond to the latest adjustments to the deal as prescribed by NvS then again the EA could be ended and the opportunity opened up to the wider market (2 companies i believe).
Trust me here - they are too close with factors stacked against AA for this not to conclude.
IMO ATB Shorn
I mostly agree small holding. Generally speaking I'd also expect NvS to decline a further extension. Although I'd also not expect one to be required.
Or I should say, a further full extension. The only way I see an extension now (and even then I'm not sure it would be agreed by NvS) is if it's for a specific reason conditional only to finalising a deal and also that any such concession would be for minimal duration (weeks not months) e.g. governance, contractual, etc etc.
If Arcm needed further drill results and didn't have them then join the queue albeit they'd have a headstart against competition.
As I said I'm not suggesting this is likely, or required, but I like to keep broadly open to these things.
Either way in the scheme of things not long to wait.
ATB
When the EA was signed 10 months ago today, it came with an agreed extension if Anglo wanted to negotiate a commercial transaction.
That is reasonable but it would have been ridiculous if there was an extra clause to say, if Anglo can’t make their mind up it can be extended again.
It is therefore my view that the original EA expires in two months, if Anglo have not tabled an acceptable offer by then they would have to ask Arc for a further extension.
I would hope, at that point, NvS would say no and then start talking to other potential suitors.
Anglo from the outset knew they had a further six months to deliberate and they have made the most of that. However, with only two months left they cannot be sure that Arc will allow them to delay any longer. With only two months left of the EA to run I expect Anglo to put forward a deal within the next month.
Just my view but I don’t think they will risk last minute negotiations, even if talks have been good so far.