Guys, you all need to learn how to read announcements!!!
Read between the lines!
Thanks HAW! Not!!!
It all makes sense now with HAW going into a T/H!!!
Legally, they still own 100% of Mt Bevan so NMDC has based their offer based on that to better reflect HAW?s claim.
It is clear that HAW interfered in the last minute negotiations.
Silly buggers, we will own 60% of their backside as soon as we spend another $1.3M.
It?s only a matter of time.
Just shows you how desperate HAW management really is.
They have 1.775 billion shares on issue with MC lower then ours and probably nothing in the bank.
NMDC is a Govt owned Co, so do you think that their lawyers would have allowed to pay for something that we don?t actually own?
I don?t think so.
Not until Mt Bevan becomes ours.
I know that the chances of us getting Mt Bevan are 99.99% but in legal terms there is still a risk and you can?t assume 100% ownership of something until you actually own it.
This is just a temporary hiccup for us.
Unnecessary, but sometimes things don?t go to plan or as smoothly as we would like them to.
The time has come to tell the men from the boys!
Trade in whichever way you wish but DO NOT panic!!!
It?s only a very temporary setback.
How can we go wrong with NMDC on board and don?t you think that Rana Som will want to show his board how successful this venture is by putting money and effort into it.
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