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Your desperation is palpable kylie !
Fwiw my take is every thing takes time particularly in politics..hopefully the ratification vote does come in the coming quarter and everyone in the ruling party toes the line as the number of members of Parliament are finely balanced at the moment in Ghana..subsequently I hope the ruling party also win as there are murmurings from the opposition that they are not happy with the terms of the deal to say the least but a lot of that could be the usual finger pointing and gesturing that you get with most political parties.. get the ratification out of the way and finance forthcoming from Piedmont ( hopefully no hiccups there ) and we should be out of the woods and onto a bit of a highway so to speak !
I think you can view the actual bids that we have had in one sense as a positive which Neil also refers to and that is Assore were prepared to pay substantially more than what we were/are valued at and also added at a higher price than where we are now ..I think we as shareholders can take the positive that management said we are not putting that to investors as it under values the company substantially ..so where would anyone go from there if they wanted to take out ALL ..well if it were to be a recommended bid then I would suggest it has to be well in excess of 33p and if a company were to go hostile then of course that could mean a bidding war and we could end up way way higher but lots of ifs buts and maybe !!
Lol swest calm down ..the politics is no difference whichever country you are in ..there are plenty in the opposition who are not happy that Ghana is getting the best deal ..we clearly think they are as do the Land and Minerals ..as long as when it comes to the vote every member of the NPP votes in favour we should be on our way..slightly disconcerting is when will that vote be ?
Yes Samuel Jinapor head of Ministry of Lands and Natural Resources said in December that it will come before Parliament by March 2024..that looks to be cutting it fine
I wonder what the implications of another bid would be as I cannot see the Ghanaians wanting to participate in such a short term investment when presumably they are investing long term for future dividends..I understand they will still have the benefits of the provisions in the mining lease but not sure how any direct investment would be affected
Adam I thought you were talking to someone very unfortunate to have been named after a soap star not a American sniper !
Although this is yesterdays news there was recently an article in the FT about Hyperion , led by Sandeep Biswas former CEO of Newcrest looking to buy into under valued mining assets. The investment strategy ranges from taking stakes in existing companies to acquiring single mines and full corporate takeovers. On their shopping list amongst others was Atlantic Lithium..however I don't know where that shopping list came from..it certainly did not move the price !!
I hold my hands up , apologies completely got the wrong end of the stick and will now retreat back into my box !!
I have just listened to it again and on 43 minutes he states as of now the IPO and investment by MIIF is on hold