The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I just don't see the NDA thing as a big deal. Perhaps the BOD don't either. If any deal is tied into the current sp then that would perhaps be a reason not to entice too much excitement in the market.
It may be that the potential partner wants to be heavily involved in this final draft of the numbers before being released to the market. I think RY has hinted at this before.
Also I doubt Tom Bowens has invested £160k+ of his money to sit around making tea all day.
Just to add they have said on numerous occasions that they are in talks with potential strategic partners, so whether that is under NDA or not what difference does it make? You either believe that is the case and lets be honest in todays Nickel market it is quite plausible, or you don't.
I see where you are coming from CBS but what would an RNS read like then? ...It is with pleasure that we announce we have an NDA in place.
What purpose would that serve? All people would be going on about then is who it is with. The sp would just be pumped and dumped which would suit traders but us lth surely.
That's correct CT.
"If NDA or CA are in place, then say so, nothing stopping them as I've said many times."
An NDA or CA could be in place and it could be preventative from telling shareholders. If you think you know otherwise then please show evidence.
Same here I'm afraid. I just cant see how we get from where we are now to TEO before end of December next year without a strong strategic partner. This should mean no more dilution and a better performing share price as the doubt of ongoing dilution is removed.
Not sure OTL but figures of $10m+ have been banded around before to get us to DFS.
With the amount of funding that is likely to be required I don't think a Riverfort type deal would even suffice. We must have something better imo.
Well being negative certainly doesn't change anything. Although I will always have a negative vibe towards you as sometimes its the only appropriate course of action.
Yes prior to the PFS that was what we could get. We should be able to get better now or at least I hope we do.
MD,
But what did we only need a PFS for?
Perhaps a partner to pay for the ongoing work imo. But only time will tell.
At least it appears that Tom Bowens with his recent purchase of £160k+ worth of shares, is not expecting a heavy dilution to pay for this lot.
Don't keep us waiting too long to find out please RY.
Thanks CBS.
From the Strategic Plan of November 2018...
"The Company is in the process of completing detailed plans for, and costing of, the engineering work to complete a full BFS. There is a strong possibility that this engineering work will be undertaken in conjunction with a Strategic Partner, therefore the funding for this work may be a product of a Strategic Partner agreement which may be at either the Company or asset level."
So as I said this morning I'm keen to know who is going to fund this lot.
Ok thanks Redlee.
Ok thanks Cbs.
If that's the case CBS, then when was the TEO completed by IG Copper because RCC commenced the offer in June 2018 and I am not so sure the TEO was completed at that stage.
I'm more interested in who's going to be paying for this lot.
Great stuff.
The process of the sale of Malmyzh began in June last year. I suspect RY may of known the implications of this to Amc.