All this is academic - it all hinges on what the original aussie investors would settle for - all in share offer as part of Sheffield still gives them all the potential upside here plus part of an aussie group already listed in Australia where I'd guess they'd prefer to be.
I'm not saying it is going to happen, but given the cheap buy-in the CMET board have facilitated for Sheffield it would not surprise me to wake up to that red dot one morning. If Sheffield win the JV the probability is even higher.
BRES received $5m in $1m tranches - still receiving it made no difference to share price.
$1.8bn to Perpetua is by way of repayable financing!
It's all castles in the air - for me, get the rest of the warrant money in - can't be long now, get your permits finalised, can't be long now either but they are taking longer these days and get drilling to prove up the tenements - OF is getting on with it. That activity with release value.
I've no interest in Lithium, I think OF is also thinking about not looking further at it, at least for the time being. The world has more than enough discovered Lithium, does not excite me and cannot understand why people go on and on about it.
The only thing that could stop a takeover I think would be the fear that the SL authorities would then use this as another delaying tactic - I think I remember them doing exactly that with another company where they argued there had been a change of legal ownership which they hadn't approved - or something like that.
I hope I'm wrong but unfortunately I see this getting taken out for a small premium (full price probably under 10p) on an all-share offer most likely by Sheffield given what's happened recently.
Someone seems determined to keep the share price down, for whatever reason.
Https://www.bbc.com/news/uk-england-oxfordshire-68723533.amp
@Tray although I have to admit I'm a little confused now.
When the point was put to OF in a recent interview that the SP might come under pressure as investors sell shares to fund their warrant exercise he specifically made the point that he didn't envisage it happening as the largest warrant holders were the largest, most loyal, shareholders.
Nice additional funds for OF to play with, But for me the most significant thing from todays warrant exercise is this is clear insider buying, from someone charged to lead the grant negotiations with the Gov.
Follow the insiders...