Yes the NDA was signed with B2Gold and will fall away when and if the Calibre acquisition of B2Gold's assets in Nic goes ahead. However, this deal has not closed yet and there is no evidence yet that Calibre has the money in the bank to make the acquisition.
I have to believe that MC is having ongoing discussions with B2Gold and Calibre (remember B2Gold will still own over 30% if the sales goes through).
My guess is if the deal goes through then Calibre will be looking for a quick revenue earning opportunity and toll refining for us could be a great way to do this - they obviously cannot commit until their own deal has gone though.
I am quite a new investor here and maybe more people will sell on the basis of "buy on rumour, sell on fact" but I cannot believe there could have been a better RNS for the half year results.
Revenue increased 171% to US$9.8 million (H1 2018: US$3.6 million) Adjusted EBITDA** loss almost halved to US$1.4 million (H1 2018: US$2.8 million) Overall loss for the period materially reduced to US$2.8 million (H1 2018: US$5.2 million) Group cash as at 30 June 2019 of US$3.4 million (31 May 2018: US$0.4 million)
Looks to me like profitability is on it's way...what's not to like.
When I met Karen last year I did float the idea that maybe SPMP would license out the the technology to gold producers so they could build roasters on site of very large mines where they cannot extract the gold through traditional methods. Would be nice, no capex and a revenue share - maybe I am dreaming.