RE: Wouldn't it9 Jun 2020 10:45
Suck on this....
The more I have watched the interview and our discussion on Friday..the more I am convinced it could be a 3 way JV....ie Gov,Major and EUZ.
This makes perfect sense then to get a exploration license for EUZ....as the Newco will be mining under the mining license.
EUZ will continue as an exploration company- proving up the Cu (which imo will not be part of the deal) ....There will be some type of tradeoff in terms of shareholdings allocated to EUZ shareholders in the Newco and in EUZ respectively....this is a complex exercise I believe and hence why he cannot say anything at this stage.
I think a lot of people are going to be caught with their pants down when the RNS on the 'deal/ cost savings" eventually lands.....