re: Ann: Market Update - Transaction with LS-... Completely agree.
I think the more savvy investor will see this as a good outcome. A 45% offtake for a 10 - 15% (can't recall the number) interest at $5/share, is way too cheap!
And a very strange reaction to the announcement given the Company can now raise capital at a closer price to the current SP, therefore creating less dilution. I don't see any issues in raising capital, not with the copper prices soaring and gret exploration potential.
Also, will OZ make a move?
Ann: Market Update - Transaction with LS-Nikko Co, page-5
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