Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sunzoo, I am not excited but I am happy about the timeline which has put him under pressure to deliver. Otherwise we could have been waiting an indefinite period.
Suthy - there's nothing to get excited about. in a reverse take over the Target is the dominant party
RMP shareholders will get something but I agree the allocation will be interesting. By definition an acquisition should give RMP the controlling interest
the way i see it, Bandy's hand are tied to a certain extent. we can't acquire a substantial asset without funding, which i think is extremely unlikely. therefore, we need a private company that is looking for a listing and essentially RMP gets swallowed up in the process. i definitely don't see this as a position of strength - far from it
That’ s interesting Sunzoo, let’s see who the target is. It is quite exciting, I like his hand being forced now.
i suspect the reason for giving up the Perth Basin was because it wouldn't have been enough to satisfy the AIM listing on its own - that's just my guess btw. from google: "a reverse takeover on AIM is an acquisition by an AIM company of a target company (or assets) that is bigger than it or that will change the fundamental nature of the AIM company"
I think the withdrawal from the NOPTA one was for a reason. He will pull something out the bag now. It’s a great RNS as they have kicked him up his ar@se. He would have been fully aware that he needs to transact. The last RNS did have a sense of urgency which I liked. Let’s see what happens now
Ok understood. However, the last paragraph suggests It will be oil and gas related. It will probably be a Australian co
Can see Bandy panic buying, or having his pants pulled down over any deal now. Clock is ticking and any potential joint venture will know this. One wonders if Bandy forgot (or knew) about this AIM rule when he chose not to take our only project any further.
Its not as simple as Bandy doing one of his deals i'm afraid. as i understand, we have to find a target (private company) that wants a stock exchange listing (and will therefore avoid the need for IPO and initial listing costs). how big a slice of the new enlarged company goes to existing RMP shareholders is somewhat concerning, for me at least
No wonder people were buying. This has forced Bandy’s hand. He must purchase within 6 months from. 21 July 20, which makes it 21 Jan 21 tops. It’s a good thing, he can’t sit on his a@rse now.