This is a great announcement.
It clearly shows management is very keen to get to 100% ownership and is forcing the hand of the 30% holder to "put up" more capital or if he does not to "shut up" and go away. If the vendor is smart he negotiates a settlement for his 30% stake and sails off in the sunset. If he is not smart, he will just get diluted with every capital injection.
Either way, owning 100% of this project will make it much more bankable asset for M&A purposes down the line
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- Ann: Commencement of fully contributing JV for El Zorro Project
This is a great announcement.It clearly shows management is very...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
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3 | 87267 | 0.035 |
2 | 176469 | 0.034 |
2 | 211818 | 0.033 |
4 | 1039474 | 0.032 |
3 | 286666 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 110288 | 2 |
0.039 | 150000 | 1 |
0.040 | 103736 | 2 |
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0.042 | 767623 | 4 |
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