This share caught my attention this weekend and while doing my research I just wanted to ask where is the info on the $1.6 billion investment in ORCP and also when this is due? Looking to buy in first thing Monday morning.
with where this is heading. Was nice to see 2 solid RNS's on my birthday. Looks to me any deal will be signed with the flanks "officially" approved however NN or any other interested buyer will be fully aware that its just a formality. I think if its a sale then its fair to say we will get a good price on the 2Moz and then the additional 13Moz at a discounted price. Anything else is just a bonus to the buyer. I do feel that EUA, having advertised via Twitter and RNS's the price of recent deals, is something that we may expect to get here. With the banks involved I think this will be achievable and naturally the fees themselves will not be agreed until we get an official bid on the table. However need to keep our feet firmly on the ground despite the exciting developments. I personally hope we sell MT but get to keep our shares for WK and any other targets the company may have their eyes on (see yesterday's RNS which is hinting at what maybe next). Hoping that all the genuine investors will be celebrating come end of Q1 2020.
We already have the license. See RNS on the 26th September:
"Flanks area application now submitted to Rosnedra. Eurasia's TGK (Eurasia's 80% subsidiary) as the PRODUCTION LICENSE HOLDER has exclusive rights to the flanks areas which the directors believe have the potential, given drilling success, to increase the resources severalfold."
The deal could potentially be a complicated one if both of our assets are being sold to one or two different companies. These things can take time and any proceeds maybe used for other potential purchases (rinse and repeat) but with a nice divi for all shareholders for being patient for up to 10 years.
Likewise not selling a single share. Glad I stayed off the boards and missed the huge drops. Nothing has changed from over a week ago and we have an even stronger team to get us good value for what we may potentially sell or just mine ourselves as worst case scenario.