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So ORR had an offer from a 3rd party.
This triggered the 1st refusal agreement with BT.
BT failed to provide 1st installment.
3rd party can now purchase the asset.
If so then good. Any new deal with a 3rd party is bound to be better than what was agreed with BT.
This was referring to institutions coming on board and approaches made already by London based firms who's interest threshold is $50M / £40M.
Not sure to what degree but I believe they've started to come in already which may explain this week's steady rise. Also consider the investor consortium and Swedish pension fund and it's clear to see the BoD are delivering the strategy defined in the Crux interview about the right type of money. Certainly helps to boost confidence.
Obviously drill data is key and that next RNS could be really, really interesting.
Really happy here.
I understand people wanting to de-risk although I know many are staying fully loaded until the end, fair play to both. But to get out all together doesn't compute to me, unless individual circumstances demand it.
Plenty of options here with or without AA but they'll be the ones under pressure in 6 months, not us.
I'm hoping that HL would get the Bed & ISA back online in time for when BOU starts trading again. If not, what a lovely problem to have.......
Very true Fulmar we should set our own strategy and ignore the daily noise.
Graham, £150M is too low for NvS IMO. He already rejected bids and I imagine they wouldn't be too far off that amount considering the reputation of the area.
As NvS stated last week, 15 targets within the license area which could hold multiple tier 1 deposits. How do you put a price on that when we're only working on the first bunch?
I reckon they'll be multiple transactions for different areas of the license, or an absolute whopper of a bid for the lot. And I mean bigger than £400M.
Results should be interesting considering a mineralisation hit at Fwiji was mentioned, and they're now drilling deeper for sulphides, not oxides like last year. So I'd expect a bigger SP reaction if good sulphide grades are reported.
Suphides + Anglo = Yes please!!
So what about the SP?
London based institutions have already approached us and explained that their getting in point would be an MCAP of around $50M (£40M). More mineralisation hits to be reported within the next couple of weeks should take us well beyond.
This to me takes us to new levels with serious sticky investment being close and I'm expecting serious momentum between now and the the 6 month Anglo timeframe.