Is this a good deal? It doesn’t feel like it to me.
After Ragged Range, the tungsten projects seemed to offer next most uplift with the US status of Pilot Mountain. THR isn’t cashed up to exploit it so it’s probably ok to move it out but the deal doesn’t seem to do much for the company in the next couple of years unless they can flog off the shares they get. I think a float spin out might have been a better approach in creating shareholder value.
Perhaps holders will be well compensated by the possibility of Alford East upgrading.
Add to My Watchlist
What is My Watchlist?
