Now the fun begins??4 Mar 2020 04:52
Very interesting to read Henry Steels opinion in the FT.
It is possible that a bidding war could start before the deal is signed off at the end of the month. If Cantopex or the Belarusians do put a higher offer in just to kill the project, would AAL respond??
If AAL didn't respond would UKPLC allow the mine to be shut down with the resulting effect on employment and future revenue?
We now have certainty that if we hold to the end we get a minimum of 5.5p. What's to lose by leaving it in place to see how it pans out? I am in no rush to pull my funds out to reinvest in todays market.
Just my personal view. Not a recommendation.