No contract (subject to conditions) has been signed with BlackRock yet or we would have seen an announcement. My guess is that AVB decided on BlackRock with a exclusivity clause and then announced this to the world. Since then, BlackRock has said that since you have chosen us and us alone, we now have a deal for you.
That's why they didn't announce the CR when the BlackRock deal was announced.
I'd love it to be Vale or Xstrata coming into the party now that they see BlackRock making a move, or a 1 for 10 offer to existing shareholders but more likely it's a bigger deal with BlackRock, and Citicorp will manage on BlackRock's behalf.
More shares for Citicorp. More drilling. JORC is firmed up. BlackRock signs.
We still have some cash ($3 million, maybe a bit less). I expect the next announcement after the TH is lifted is the immediate mobilisation of drilling rigs.
That's my wild guess.
Add to My Watchlist
What is My Watchlist?