ELT 2.25% 8.7¢ elementos limited

Ann: Agreement for 50% interest in Operating Spanish Tin Smelter, page-5

  1. 2,713 Posts.
    lightbulb Created with Sketch. 147
    yes, i certainly was elsewhere and missed this ANN entirely. i like it. Will need to raise funds to pay for the 30% and to pay back the loan(s) to our chairman, and will need to raise funds in the future to pay for plant expansion (& upgrades) to 50%. However, this gives us access to the full value of the tin. The main question i have is "why are CRM Synergies selling 50% of this asset to us?"
    .
    Anyhow, Comments i like:
    "the first vertically integrated mine-to-metal tin producer within the European Union"
    "significant price premium over the published LME prices"

 
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