Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well, they had a choice. If they thought PET was going nowhere they could have left it in limbo. But if they saw a future, then yes, no choice but to rescue it from the situation. But I doubt they would chuck down that sort of money without confidence that they'll see it back in multiples.
Teeling is retiring, but he is sticking with PET. There's a lot going on with CLON but I think PET is the main vehicle - minimal dilution over the years.
Possibly Chitta, but it would take PET and CLON giving up similar amounts (proportional to their holdings) to the partner, or PET being suitably compensated of course. Don't know why PET would unilaterally step away from a ratified deal. And remember directors recently bought up the locked shares.
asimple.. so you are obviously not referring to the shortlist of extraction technology companies as CLON would not be on that. So there's a shortlist of potential licence holders ? Can you please post a link or direct us, I'd like to have a gander - many thanks.
It would take one hell of a deal to push CLON's MCap from circa 3m to circa 940m !
Could a decent lithium deal do that - in time who knows.
In the short term 1p to 2p is very achievable I would think.
£25m to £50m seems reasonable for a small lithium license.
IF that's what's brewing, of course ! All just speculation at the moment.