Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
...cannot understand why there isn’t more activity here even despite Cannacord. 30 days is nearly up, CFO is in face to face negotiations, port is up and running well.
Getting a contract over the line always take til the 11th hour but I can’t help but suspect that that point is the end of this week. CFO will want to wrap it up this week to announce to the market on Monday morning. WWTBOOTW has never been more true.
I also don’t think he sounded grumpy. I think he’s just trying to be a little cautious and at times failing to contain his knowing smirk.
Don’t often wish the weekend away but looking forward to next week!
“Exchanged draft contracts” for me means that one party has produced a draft and the other has returned a mark-up, so both parties know where the other stands and how major the outstanding elements are. My money is on the FD being out there with a team of lawyers to try and finalise the terms for his wet signature.
It might not come this week but must be squeaky bum time for those that are out at the start of next week. Esp if most things had been agreed at heads of term stage in the LOI.