Great news. I see the contractor brought a New Holland over from Germany with him! I may be in Stoke Climsland this weekend so I'll have a snoop around.
If sufficient 1M go through are we not likely to effectively see URU transferred as a going concern? Then nothing needs to be realised. The only flaw in that argument is JZ is selling at a discount. URU is still in MRS, he just resigns. Could it be that simple?
Great drill news today and a flurry of activity at the bell but does any one know when the paperwork is likely to be completed to bring us to 80% interest at Beutong? It feels like that isn't priced in yet
RE: Jackfm,galaxy,riseagain,olineer13 Jun 2018 18:08
Please .... the only way i know these fools are back is reading everyone's responses. Just filter them and deny them the publicity. They will get bored when it time to come in for tea.
Nice thought but it's always been known that the intention is to prove up and sell. The intention isn't to become a miner. Proving up will add significant shareholder value but as to what is all currently (Good willed) speculation. We need to find the intrusion first. all great journeys start with the first steps. GLA
Change of direction makes for an interesting conundrum. Just how do you dispose of a company with a large nickle prospect is SA, a shale oil/uranium licence in Scandinavia and 10% of an Australian mining vehicle repair business?
Dropping those shares on the mkt would destroy the SP but URU are the legal owners so need to continue to exist. I doubt MRS can afford to buy them out. You can bet your last roll up that JZ has a plan. Sooner would be better though....
Widening the spread seems to have capped the volcano for a moment. Let's hope for a repeat of youR magmatic eruption sometime soon. Depends on the grades but there is plenty of interest here and hopefully the top comes off again. Grades should increase closer to the ST intrusion. DYOR
Sorry chap but today has seen a much bigger volume than normal. - Why would it collapse (further)? If Zeb and the MRS holding are sold, its more likely to suspend and never open again. Divi paid to the final holders. In the point between declaration and payment it would rise to the amount of the divi.
It should be on a pro rata basis. I can't imagine that JZ would contemplate a cap. That wouldn't be in his interest and I seriously doubt he would agree to something that wasn't in his interests.
Can't help but chuckle if it's a joint venture. (Been a long week). Sale of URU lock stock and barrel will certainly provide JZ and cronies with a substantial fund to use.
I don't think it was ever the intention to mine it just prove it up, add the value and sell it on. JZ is a dealer (No pun intended) not a miner or communicator. It's about the dividend.
The MRS bb is quite quiet but a theme is the lack of information flow. Can't say that their Chairman doesn't have form there...we all know that. JZ must be aware of the downstream impacts of his mgt style. I hope that it's just because of so many balls to juggle at once but MRS will always be a player in this production in my mind. How to dispose of that or to whom. Fingers crossed we get suspended soon and get it all unravelled. It's not inconceivable that MRS could be suspended too.i dunno.