"The Company has engaged an international investment bank to accelerate this work with
the aim of determining the preferred group and finance structure. Various groups have
conducted due diligence including site visits, with the process progressing positively to date."
....................................................................................................................................
Its hard to believe that anyone would sign a Deal following "Due diligence including site visits" with the state of affairs as is atm with this Company/Plant. imo
I remember hearing similar statements coming from GXY with their sal de vida project........
"Various groups have conducted due diligence including site visits, with the process progressing positively to date."
Think they also included they were narrowing down the Groups for final consideration. lol Gesus, Its almost word for word from my memory.!
Years ago now and nothing ever came of it for GXY! Look where sal de vida is now as far as operation is going!!!! Companies were doing due diligence way back when and wanting to jump on the band wagon. Give us a break.lol
These fairy statements mean zero until the deal is done. The odds for a positive deal atm 33/1 and drifting from today.
Its just fodder for us posters here. imo
Its really means jack sh#t to me.............. from experience.
There's a lot of bullsh#t floating around the World today.
They could have named the Investment Bank. Why not !!!!!!!
Holder and good luck all
Md
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