RE: Tactics12 Oct 2018 11:04
I was also in Marl, and although the price paid didn't reflect the value, there was risk at the time in Turkey. there was also a share consolidation, which I am never a fan of.
i think here the circumstances make SOLGs position stronger.
If majors wait for the PEA they will undoubtably have to pay more for Cascabel, happy to wait for this, but I think there will be some corporate action towards a major getting a majority stake before the year is out.
Or corporate action from SOLG securing their position.
My min interest is what happens if NM goes for this conditional complete funding package before bids come in, in that we don't know the nature of this, prob debt funding of some sort, and how this would affect any bids?
If majors make a bid following this funding, do they then take on the debt?
i have asked this before but never got a reply? If anyone has any sensible thoughts on this would be appreciated.