CHN having access to this scale of cash creates some new dynamics IMO.
1. Should they seperate their other assets into a listed entity?
2. Higher quality regional assets / prospects are likely to see rapid value accreditation.
3. World scale miners are likely already looking for seats at the table. For example, Robert Friedland has already shown up.Does the exposure to majors underly the decision by CHN to not underwrite what is a quite substantial capital raising?
The whole Julimar story is likely to go up several more levels once access to the State Forest is granted. We may only be seeing the tip of the iceberg so far.
Ann: Equity Capital Raising Presentation, page-12
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Mkt cap ! $429.8M | |||
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