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sparky96

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28/08/24

04:02

Post #: 75404622
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Originally posted by Gwaihir ↑

They will end up with over one million ounces of high grade gold.

The issue then is how to best rewards shareholders with it.
There are numerous options.

It will be interesting to see which one they pursue.

My preference, as I've stated before, is to spin the gold out into a separate company and reward shareholders with a free in-specie distribution of shares in the new company. This is a fairly well proven and standard method and practice, but I'm not sure these guys will go down that route, probably not. CE doesn't usually do those kinds of things.

As for the lithium, they could probably eventually pursue a merger with someone, because I don't think they'll end up mining it by themselves as a stand alone. It may be a takeover or merger then as the only options. There is just too much other lithium supply for them to go it alone. They will probably end up being taken out via a share scheme of arrangement, thought the question is, with whom, and at what ratio of shares.Those schemes are often not very profitable for shareholders, and effectively it ends with basically the current shareholders paying for the acquiring company's exploration.

They really need to maximize their gold advantage, and possibly to even acquire another gold project, then get rid of the lithium directors and put in some gold ones, or maybe even just sell the lithium project. I'm not sure if they can process both gold and lithium in the same plant, but I'd like to see it.

Gw

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