I disagree; why make a play for that asset? It's clearly situated in a zone with abnormally high sovereign risk and the AFM share price trading at 40c evidently was not reflective of the long-term value of the Bisie mine.. A deal of that nature would never have gone through at 40c ps.. but why make a play for it anyway
I do however agree with the above sentiment toward a Greentech deal. Almost doubles our exposure to a safe, Tier-1 mine that we have full grasp on. How much we pay for Greentech is pivotal - if we took out anywhere near what we offered (from memory in the vicinity of A$75m) MLX would trade at $1.20 + in no time!
Happy to be patient and am personally building a massive position low 50s while we wait.
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