RE: lawrence1326 Aug 2021 00:22
Wowser it's like they're repeating what everyone on here was banging on about..
"UGC believes that due to logistical benefits, the location of its production assets and the overall outlook on the iron ore market, IRC has a strong potential for growth, and that the U.S.$10 million cash consideration under the Proposed Transaction does not represent its fundamental value, especially given that the market value of the Petropavlovsk's stake in IRC around the time the Agreement became binding was worth more than U.S.$100 million."