Ann: Market Update - 28 October 2020, page-32

First 32 Last

Share
Profile

Follow
Comptonfarm

1,123 Posts.

171

29/10/20

15:12

Post #: 48495332
Share

Originally posted by Birchcorp: ↑

Are you aware that one of the CP's is Noble? So they couldn't have possibly got sick of the waiting.

With regard to the $1-3M, I think it was was more a red herring to have one or both of the two funders that was difficult to be under a little more pressure. It back fired. IDC, as shown from their financials and new direction wanted out...maybe, it was actually IDC being difficult to stall this until they got to the date of expiration of binding terms.

None the less, that's water under a bridge, so I think you will see Noble or PIC scrambling now to capture this new opportunity that has presented.

If the opportunity is not taken by either PIC or Noble, there is several other options that must be explored before we go to an open market. Rest assured, it's not Nobles to take, but theirs to lose if they go to an open market. I believe our best chance is Noble, as PIC had ESG issues in previous encounters.

Importantly, Noble wouldn't want to be seen to sink a company for its own benefit. The business model for Noble is to support companies and then be the beneficiary of the offtake/logistics arrangements. If they were engaging in anything untoward to help put us into administration, this would jeopardise their entire business model.

I'm glass half full, maybe that's my downfall, but this is a transparent world and I don't believe any of these guys would jeopardise their reputation for a quick buck.

Expand

These days it's rare indeed to pass on a fist full of dollars because it may tarnish reputation
In fact I wouldnt be surprised to see RES wound up and "" top"" management to move across to Noble for a comfy ride.
I couldn't think of an apt word for" "top" " but u get the idea.

Last edited by Comptonfarm: Fat fingers on small keyboard 29/10/20

RES Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

As Nvidia cools, we're looking to Aussie AI

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

There are more pages in this discussion • 5 more messages in this thread...

First 32 Last

Add RES (ASX) to my watchlist

Ann: Market Update - 28 October 2020, page-32

Top Stories

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Shekel Brainweigh investor presentation webinar – the future of retail automation

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

As Nvidia cools, we're looking to Aussie AI

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Featured News