This makes sense now.
PT been hammering out a way buy ouy of Wyndam 40%. Wisco guarantee further joint venture. companies go great guns with 10 mines to development with supply contracts in place (theoretically)for next 10 years.
meanwhile Rincon will float IPO under Charges banner, We get access to 10% capital on IPO at 15% discount.
we get piece of action no development cost here-in.
short term maybe 2 years we have cape size facility, 10 mines in operations . Joint venture funding WISCO. eg farm-in to put cash up to development in return for interest.
we end up with iron company with same shareholder ratio 60% ADY 40% wisco worth 100 bangers.
This is my opinion only as always DYOR.
very positive ain't it.
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0.6¢ |
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Mkt cap ! $15.77M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 50933 | 0.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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