RE: Just a thought2 Dec 2018 10:05
Drewky
Ta for response......
If I was the TZ govt working in the interests of its people, who would ultimately benefit from the resources and would not want to look politically inept, I wouldn't hand over the licence rights to drill and develop to an outfit that does not have the cash to do so.
Equally, the zubairs would not provide the funds to do so without the aminex shareholder voting approval to farm out to them.
The zubairs currently own over 29% of the stock - can't recall what they paid for it - was it 1.3 or 1.9? my memory is fuzzy - perhaps one of the more learned LTHs can clarify.....
Why would they risk buying more now when no licence rights actually exist? Would it not be better to wait until go code issued and snap up before the dizzy heights of 7+p experienced 2 years ago...no?
Before the drilling starts and the development is bringing in $40M pa...a T/O would be cheap as chips...