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Hard to put a value on what we’ve got. I can imagine the first 2 weeks of negotiations consisting of NVS: “how much would you like to offer?”.... AA: “well how much would you like to sell it for?” Both parties not wanting to put their cards on the table lol
I mean I hope it lands Friday but I’m sceptical. PREM has always been jam tomorrow. Has been for years. Lots of hype providing opportunity to trade it, but anybody that’s simply held has been leeched dry.
I’m holding a small amount in the hope Friday it comes. If it doesn’t I will go back to trading PREM. GL all! :)
Found 2 sources stating major shareholders lost faith in Nick and he resigned from ARM. Both quoted Nat Rothschild. Is that a false statement?
http://www.mining.com/asia-resource-minerals-shows-ceo-von-schirnding-the-door-33166/
https://www.google.co.uk/amp/s/www.cityam.com/asia-resource-minerals-boss-von-schirnding-removed/amp/
Wasn’t Nick ousted from ARM back in 2014 having been suggested by a member of the Rothschild family as “never was suitable for the job”. Funny that he’d be using one of their companies as financial advisor now. Maybe there never was any bad blood, or maybe he’s rubbing a deal in their face :D
Being that NVS and AA have been well connected in the past, and that AA aren’t short of funds, the idea of an “unfair” offer is unlikely. If a deal isn’t done with AA it’s most likely due to our asset not being worth having. I imagine we will make a deal though :). GLA
I mean yeah I imagine they would need proof of funds, it’s one of the requirements... but we input our application for EPO a long time ago, surely our funding should have been sorted by that stage, not suddenly throwing it together 6 months after? Idk. Seems strange to me. Maybe EPO has been granted so GR sorting funding. Or maybe he’s only just realised he might need some money to get DFS? Who knows. Either way, as usual, it all stinks. Price rises. 2 days later RNS appears. I don’t trust this company.
But I will still trade it :).
Whatever happened to the lawsuit against AA for lead poisoning in Kabwe? Only reason I ask is last I heard they were trying to suggest that the Government were part owners of the property... if they have been speaking with Government regarding these allegations against them... perhaps there’s been an agreement for AA to reinvest in the country and create local jobs, as a little deal to delay or prevent the lawsuit from continuing? Just a thought. I’m so confident here.
I can’t find this stock on share.com for some reason?
Would like to purchase. Any thoughts??