I don’t see OCP (45% owners of AML) being to keen on a merger with NCZ. Locking themselves in with a large illiquid stake. They want cash or to be able to easily liquidate their stake after holding for many years.
What I do see working is IGO taking out AML (via cash or scrip). IGO enter into a deal to either toll treat/export AML ore at Century In return for a fee/further investment in NCZ.
If IGO scrip OCP have liquidity to sell IGO scrip being a 3B odd company.
All dependent on the Feas Study due in the next couple of months. I’d be surprised if anything happens before that.
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