RE: Anyone else23 Dec 2016 12:39
It depends on the type of deal, if its more a share based acquisition then it will be considerably higher then a purely cash based RTO. I think the amendment to the BASS deal is unfortunate, I'm sure we could have negotiated a better deal but thats what happens when you need the cash I'm afraid! Im also optimistic that the asset we are getting is opportunistic in nature and hopefully is as good a deal as BASS got from our asset! The question is, are we still making money trading graphite in Madagascar? We were making decentish cash from what I remember so that could add more to our coffers. Im hopeful that we can secure a good asset that is closer to production, or even in production, that would be a real boost for confidence and morale.