RE: ABX results and comment26 Oct 2018 08:47
Super/BB..... My uneducated spanner in the works Re this ....... The mood music now appears to be that ACA being taken back in house is the preferred option by the new merger which is a move away from a deal with Chinese investors.. My concern is .. The Chinese have a lot of leverage in Africa and may have the ear of Magufuli and his band of merry men .. I’m sure the Chinese can offer him some fantastic kick backs if the deal is negotiated in the Chinese favour. I can see this as a big stumbling block .. It could be Magufuli saying let the Chinese have these mines or you won’t be producing here for a long while ... That may lessen any take over SP valuation ... I personally don’t think it will be as straight forward as ABX saying we are bringing all back in house and we will pay X amount for each share . The despots may have a big say in this