The poms seem to think sign off is close.
"My contacts indicate the deal has progressed as expected through the necessary stages at Bass and is just waiting on one last regulatory sign off. I also believe there will be a complete package unveiled soon, which will include:
- Bass full terms
- Bass's full funding plan to demonstrate to market that all tranche criteria can be met
- Stratmin will unveil a plan that will allow them to continue listing as an ordinary company and transfer value from the sale back to shareholders. I expect them to remain in the graphite space
Assuming my contacts are good I expect a decent bounce when all this is unveiled, after all there has never been a hint that the license area isn't top notch. It's been a sorry story first of poor technical execution and, more recently, lack of access to finance to push this low cost production into profit.
Light at the end of the tunnel IMO. GLA"
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