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Looks like the deal with BARRICK is scrip and recapitalisation....

  1. tomboy
    9,764 Posts.
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    24/09/21
    13:06
    Post #: 56324888
    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.
    TRY Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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