RE: Nickel_Investor25 Oct 2019 01:33
In regards to offers etc i also believe these are very much close to being made
‘announce that CITIC, one of China's largest investment banks and VTB Capital, one of Russia's largest investment banks (together the "Banks") have already started (even prior to signing their respective engagement letters) assisting the Company with strategic options for its current mining assets’’
Already started even prior to signing the engagement letters. Both are doing so on a success fee basis so you know they both already have something in the pipeline. The fact its not just one of the biggest banks in the world, but two who are direct competitors will only benefit shareholders when the offer arrives.
Then
The interest from the Banks is originating from the recent palladium acquisitions namely Stillwater for c. US$2bn by Sibanye in 2017 and NAP for approximately CAD$1bn by Impala Platinum earlier this month.
2 recent palladium companies that were sold and the amounts paid for them, to give shareholders an idea as to the nature of the beast. Remember, we are in a ‘different league’ compared to others.
I believe an offer will be made in the very short term. Its literally a hold on to your seats kind of journey we’re going to embark on. GL holders