RE: RE: Pdl28 Jun 2020 21:57
Debt repayment is not due until May 2022 - that's 2 years away!! There is no immediate rush to sell the business tomorrow for example. I think it is prudent though to advertise the business.
It clearly states that offers for all or some of the assets wil be considered and Rothschild have the final say on the transaction and the power to terminate at any time if not favourable so clearly they are not desperate. If news was hanging over the market it is not out the way.
£18M is tiny considering the mining potential. I think Duffy would like to at least double the value of his existing holding! Interesting day ahead tomorrow - the market may like the fact this information is now out the way