RE: Wisdom of the Masses - Buyout Guesses1 Feb 2021 17:13
Chris, you are making some very obvious mistakes.
1. Flybe was already lossmaking. There was a rescue package which was withdrawn. That's when they got pulped down.
2. SXX made the mistake to try to finance a massive gbp 2.5 bln project alone with the hughe risk of the vertical mineshaft. When they couldn't finance due to adverse market conditions they got taken out.
3. We have a working mine, assets and proven resource plus additional potential and a processing plant next door. Also, the EUA BoD are not trying to do this alone. Should the sale for whatever reason not happen, there is the Sinosteel contract to activate. Takes more time but wil be more profitable to us shareholders.
Totally different things you are trying to compare , hence your examples make no sense
MS