RE: This could be pivotal...5 Jul 2023 10:34
So Red, given that he has more recently confirmed those parties are not majors, do we conclude that SC is trying to make the asset cheaper to mine to bring in much smaller companies? Certainly won't be a bidding war up to £1bn for solg if the companies who are interested don't have big MCaps to gear big debt.
Shame, like most I'd have liked a bidding war between Jiangxi and a major, but WI has all but confirmed this won't happen. BHP and NCM will, by the sounds of it, let their shares go with the rest of ours, hopefully not too cheap. Jainxgi pick up a few more at 16p, wait until our cash is running out and offer 30p? Seeming more likely than ever.