Ultimately7 Feb 2018 10:29
Spot-on Qunidell, in everything that U say.
The old team had failed , as they had at FCR, time to move on.
LR & CB KNOW they have to move Mankayan & Eureka, and even if they only get �15m for the both of them, that wud make the BZT SP p/share, for the cash alone, without Choco, which is manageable for BZT, on a JV or Farm-in Basis. Mankayan & Eureka are NOT manageable by BZT - they are too big, so they need to be sold.
Now plenty of cash in the Bank, (�1m + ?), new BOD and a better metals pricing environment than 5 yrs ago, when they last tried to sell Mankayan. Cornerstone Investor to fund any future cash raises as well, if necessary. Everything to play for. Lessons to be learned about using Brokers who don't deliver, have hopefully been learnt !
IMHO. DYOR. GLA.