Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pretty disappointed by today. It’s not the fundraise per se, but the fact that we were told that there was no need to.
Flip side to this - I was quite heavily into ARS last year and pretty badly burnt by the experience. The BOD there spent pretty much a year trying to get a deal away, and when it fell away it became apparent that they did f all during the negotiations. As such what should be a slam dunk for an investment is struggling to get the funding it needs. At least here it looks like the BoD has a back up plan
Really hoping that they are monitoring the sentiment and get ahead of this - a complete PR disaster
This figure of 20m for 10 percent keeps getting knocked around and I’m not sure where it comes from. AA would be giving 90 percent of the upside to arcm, it doesn’t make sense.
I appreciate a full purchase seems unlikely but the above just doesn’t seem logical
Yup bought today
I’m pretty sure they’ll already be appointed and working through the deal. Oddly the Rothschild appointment does feel a bit arse about tit actually, but probably due to the relationship between nvs and aa
Hey shorn - welcome to the team!! As Marco stated we’re well into the commercial aspect of the deal. Most of us assume the Rothschild appointment means that an offer is in the offing, and that it would be odd for it not to completed before the new drilling season......that’s my reading of things, but sure others have differing views