RE: Is it runny botty time...20 May 2021 23:24
Below paste RNS para which leads me to believe MT is about to be sold, and we continue with WK and JV. (WK is still the dark horse for me........I think this, in time, will be a big Bertha!)
"The Directors are committed to maximising the value for all the shareholders, and we are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders. We are also committed to the concurrent development of the Company in two PGM districts: in the Urals, where we have recently had our DFS and Technical Project approved to expand volumes with 3 plants in production this year (as opposed to 1 plant in previous years); and in the second district of Kola, where we concluded the Rosgeo JV to significantly expand our presence both in PGM and in battery metals segments. The Board has a strong confidence in our opportunity to create a globally significant PGM and battery metals producer that can be achieved through our Rosgeo JV".
Someone asked this AM, how it was the EGM placing authority to raise funds to strengthen our negotiating position, was relevant to the now given reason for the placing. Well the answer, as another poster has partly suggested (One) we are not paralised from continuuing mining in this season, as we now have funds, to continue, preventing the poential buyer from using that circ as a squeeze; and (Two) we are in no hurry to sell; the longer you wait to buy, the greater the risk you run of a third party coming in with a better offe...................... as we are off, mining the JV.
Consider:...........there is no mention of work done/impending/planned on MT.
Go figure!!!!
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