Prem12 Feb 2022 15:03
Well,have read all the postings about hostile takeovers.
Can we take this back to the bare knuckle and remind ourselves about the modus operandi as to Zulu.
Mr George Roach has made it VERY clear
NO SELL OUT
It is the prime objective of Premier to develop and build a fully functioning spodumene concentrate mine in Zimbabwe
Any agreement[JV] will leave Premier with a" SIGNIFICANT STAKE" in the mine
It is the objective of Prem to get the mine built as soon as is possible.
IMO any move by a 3rd party to attempt a take over will be rejected by Mr Roach,this will make the bid "hostile"
Roach did intimate that any offer to buy Zulu would have to be a gargantuan amount of money and would be put before shareholders.
It pleases me that we have within Prem a block of very large shareholders,holders who are aware of Zulus potential and worth and,I assume,would not accept a low offer.
I hope that Roach gets his way .
Acker