If they get a loan and then start a much smaller production project then the capex will be far less but our sp gain might take much longer as opposed to an outright takeover or a mass scale project with a big JV partner
I would really prefer a takeover as that way you don't have to worry about what price to sell at!
I was thinking that today. When we hit 50p again it's going to be so tough not to sell based on past history.
That's why I favour an outright takeover.
These ongoing negotiations are the only reason I can think of, don't think smelter results are going to do it. We need that funding/JV/takeover RNS nothing else will do it IMO.
WAFM buying started
West African Minerals Corporation (WAFM) Takeover Talk,Jindal Steel and Power (JSPL) is close to acquiring an iron ore mine in West Africa to secure raw material for its recently commissioned steel...- Today, 10:41 AM
pete is that the same BHR that supposedly rejected a takeover at around 16p a few years back ?
I was having a think last night about why we have heard so little from the company both in terms of news and also responses to emails. I know my emails, Kenny's and some others have gone unanswered. Now we all know the board are very investor friendly and always respond, so why not now?
In my opinion something is wrong or more likely right. Is it too fanciful an idea to suggest they are in deep negotiations with a major with a view to takeover or JV with a condition of the negotiations, a complete embargo on communications with PIs, as they do not want to influence the SP prior to an official bid being made.
Rubbish theory or not ?