Looks like the deal with BARRICK is scrip and recapitalisation.
Barrick might take a 51% holding & put in a CN of $15M say with a tolling pre emption right on the mill ore
Otherwise a full cash bid t/o at 10c perhaps
Taking a long time as the terms are in dispute looks like.
Zijin may offer way more and then Barrick is stuffed & stranded.
Makes sense for Barrick to pay up fairly.
Ann: Extension of Voluntary Suspension, page-37
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)