Firering Strategic Minerals: From explorer to producer. Watch the video here.
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This is a done deal.
NAS wants this desperately. MNZS is now in agreement.
NAs wants to strengthen Eurpoe, US regions using MNZS connects. NAS is looking 10, 20+ years forward. This Ukraine conflict is non issue for them.
Just wait for the confirmation.
If they could not thrash out the details by 9th March... they will simply extend the deadline.
I have seen it with other similar deals.
So stay easy.
I love the confidence - hope you're right SBBT!
If it’s done then I will sell my stock for £6.08 each share. If not , I am more than happy and would sell between £8.50 to £10 by March 2024.
I did say yesterday that it they could not thrash out the details by 9th... then deadline will simply be extended ! This confirms further - that this is a done deal.
Share price says no...
If it's a done deal then why the need for the extension ?
.
Becasue there is lot of work involved in formalising it. Takeover's are never so simple, they are time consuming.
Share price is because - Some can't wait that long and think they can better use money elsewhere in the market only to lose it perhaphs.
I have just added a bit now. An easy 20% in 3-4 weeks .
No deal is ever done till it’s on the table they may now be thinking there gone in to high companies to well over pay plenty of times. They could still pull out and take a hit and in this investment environment could well drop back below £3.I have no holdings any more here but if it keeps dropping may take a punt.
MNZS have only relased annula accounts, this is the first time NAS will have seen them also. Therefore NAS has time to now do due diligence. The accoutns will marry with what the board was projecting.
NAS will reply soon to confirm agrrement of extrension and offer at 608p
It will be a done deal (perhaps) when the due diligence is completed.
I've heard Spec Savers has sold out of rose coloured glasses.