RE: RE: Target price 13810 Mar 2021 08:00
It means the funds, in depth, are there, both to things rapidly, to do them very comprehensively, and to be able to if, for example, the Fosterville comparison turns out to be correct, well, they have the money to develop that sort of major mine. So it’s really tremendous, it’s really what we’ve been looking for, for many years, I – I must say, far greater than out hopes, so it’s fantastic. And we can, under the terms they’re offering us, we can in actual fact hold on to no less than twenty-five per cent of the mine, and they will provide us with the funds, to do so and take then back out of the profits of the mine, so it’s a very, very, very good deal indeed. They came to us and they offered it and make no if or buts about it it's a much better deal and they’ve got on with it, arranging it and so on.it it was a little bit of a difficult situation; people in the market, very understandably, looking for the news that we’d finally signed off with AAZ and we couldn’t say to them look, we’ve been approached by a far bigger player with a far better offer and we can’t say anything about it though until it’s signed! I can understand some people, in the market, being momentarily disappointed but if they look at it and consider it at all they’ll immediately realise it puts us in a totally different bracket – and we look forward very much now to driving ahean now with the clontibret deposit, and it will be quite a big deposit, but also with all the other aspects of the new district scale gold trend that we’ve discovered. It really is absolutely fantastic to have this and of course we had to keep this confidential that we had had this approach,, we couldn’t say anything about it, but obviously as soon as we signed it, we informed the AAZ people that we would, sadly, be terminating the discussions with them; that it had been a good deal, but this other one is so superior in every way that we just had to accept it.
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