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I personally don’t think we have to wait weeks or months , new owner will want to get established and get their own production plant in place before start of mining season and also ubs will want paid sooner rather than later , do in my view imminent .
We are now at the end of 12 weeks of formal sale process , a time frame when majority of sales are announced , will we get an offer on table ???
UBS surely don’t want this to drag on indefinitely, BOD wrap it up an move on .
I have a feeling share placing was only a ploy to show we had the means to mine our valuable assets before flanks licence would be handed over , don’t be surprised if placing doesn’t happen and first bid arrived before Friday
If I were a potential buyer I would want deal wrapped up ASAP instead of watching and waiting on licence after licence being applied for or approved . Surely a buyer would put some pressure on company to as a take it leave it offer
What I don’t get is the hold at 17p for nearly 3 weeks now, why is this so important and how was it derived at ?
With all the speculation and asset values surely a structured rise would seem more appropriate than a stagnatated sp
Eua know who are interested and how much they are prepared to pay so why drag it out , some parties will loose interest and walk away, this is not an indefinite process and eua are concentrating on a sale and prob have taken eye off the ball regarding production so could run out of funds