RE: PowerChina - our mine builder1 Apr 2023 20:43
@LT the share price wouldn't rocket if talks were not announced before the deal was done. This is exactly what happened with Sirius when Anglo American the deal was negotiated with SP @ 2p.
Companies like KP2 (exploratory companies with no income) have no leverage/choice with who they choose to deal with. If the companies that are interested are all Chinese then we have to deal with them in order to progress and the big boys know this.
Not trying to be negative but no matter how positive the RNS reads the EPC and finance has not been agreed and a takeover is still very much a possibility.
Hope I'm wrong, but if not as long as buy out is above 1.5p I'll take it.