Rns27 May 2018 14:35
Yes .. very soon and even if not, we have our interims at June end which actually coincide with the tariff acceptance and the END of due dil!....at which point i am quite sure final percentages will be thrashed out..
I'm sure we'll get a little taster before that though...
I feel as though we almost ignore CMEC sometimes and their almost infinite warchest as the other key player in this deal because if we are talking available funds or mega influence then they really are the biggest in town..
Some baby 49ers dream of having Rio taking a look and some no doubt dream of a bidding war with Rio and Newmont :)) but here we currently have the equivalent of a JV consisting of both companies taking a 60% share which then leaves us the junior miner with 40% ....
We have an RNS and an interview both suggesting the 40% is primed for 'review' and remember that CMEC alone could probably buy RIO and Newmont..
So given that's just one of our heavily loaded Partners and seeing as there's only 40% left (ours) then i can only point to what looks likely here..
In a week where thanks to CF, we have seen GE take it up a step now , by buying into ,at the tune of 300m a mere 20% stake in another project albeit bigger than ours .....but does it signify a real acceleration,along with it's real stake in our project towards the paydirt beyond mere equipment supply?..
GE only supplied THAR in Pakistan but took an equity stake here...
Why?..
Did THAR make them think they were missing out on a cashcow?
(Fastforward 1 year later GE annual meeting straight to Bejing with a Silkroad theme!!!
Because if it does represent another landgrab by GE in light of Ekstoms woes and gradual downfall.. and if us holding onto 40% was at best only a mere fantasy anyway.. ..then GE wanting to not only build but OWN power plants in Africa just ends our involvement right after due dil and we may as well kiss it goodbye and await the cheque..
Regardless of percentages or indeed ownership the next Rns lights this up..fact. GLA.