Could easily be interpreted as spin - It seems unlikely IFC would have entered into an agreement where they could be easily ditched without an option to extend, so the question is why IFC didn't want to stay in the JV if the resource was so good. First look at the PFS maybe? Increased political risk?
You normally wouldn't ditch your offtake unless there was another one you could step right into. Offtake would have been a key driver of getting the insto's onboard and critical for future funding. I doubt they would be very excited with this announcement.
But I have realised this is too illiquid for me to stay in, so happy to pay a premium buy back in if I am wrong. Only a few weeks to wait.
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- Ann: Bir El Afou PFS Completed
Could easily be interpreted as spin - It seems unlikely IFC...
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1 | 200000 | 0.027 |
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Price($) | Vol. | No. |
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0.065 | 42037 | 2 |
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