Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We have a preliminary mining permit, expiring 2028: https://www.europeanmet.com/wp-content/uploads/20200616-AIM-EMH-Preliminary-Mining-Permit.pdf
Seems unlikely, when it they could just buy out their share and get it to production sooner. Couple of hundred mil, vs. Billions of lost revenue to get it cheaper.
Presume there’s also something in the agreement (which hasn’t been disclosed) to protect against this.
That said, nothing would surprise me that much anymore..
Seems to be roughly what the market is pricing in at the moment. None of this makes any sense though. They could either buy out (at a fair price), or fast track to production, sell the lot for a huge mark up, and make a lot of dough.
Why bother to buy us out when they can just choke the news flow, and drive the sp down though? The whole thing is a joke, but I can also see that Keith had no choice but to sign up to those terms.
I think the statement date is 30.12.22, so it basically tells us nothing, other than that we still don't know if they've been exercised or not (my money is on not however, albeit I don't understand why they can't just say that in clear terms). I'd expect, especially under ESG rules on transparency, these things are meant to be clearer, not more ambiguous!