We are just speculating as to the situation (not many here doubt there has been a falling out) and happy to share mine....thats its around the ASPA and restarting Mindarie in SA ...but chime in anyone.
Whatever that reason is, and as mentioned the 15% yes/no by Mr Cheng Li is key for MZ cos they'll need 29% added to their 22%. But as you pointed out Mr Cheng Li is Tiawanese having done business in HK so he isn't a mainland Chinese nor MZ and likely be against the notice. Would Mr Cheng Li want to be surrounded by MZ on a board that may want offtakes that reduce Mr Cheng Li returns ?
If MZ (22%) had Mr Cheng Li onside (37%) they may also need Paradice (43.5%) and wouldn't it be MZ responsibility to sure up the other 7% ? I cant see how it would be in Mr Cheng Li interest to buy up to ensure a deal for MZ control, his purchase could have been opportunistic since MZ sought his support for the spill and/possible TO...
Heres the headline article below..
"Murray Zircon examines possible restart of Mindarie Mineral Sands Mine ABC Riverland / By Sam Bradbrook Posted Fri 15 Oct 2021 at 4:16amFriday 15 Oct 2021 at 4:16am, updated Fri 22 Oct 2021 at 1:29am."
Judging from this report above there's no doubt MZ wants to develop Mindarie in South Australia. How they do that without processing equipment, a seperator, operational expertise including Senior Management personnel of course they can buy infrastructure....people are more difficult to find (as someone on the thread mentioned) anthe the article also suggested the landholder farmer isn't entirely on board so the restarting will take ages IMO.
IMA Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
