So to those who said BMW will never pay, will walk from the deal, the Saudis will never happen.....you were wrong. Our only real issue is the pathetic lack of support on ASX, but from here it's pretty obvious, Mr Obeikan has clearly stated that the project is part of the Vision 2030 for SA and with that there is no way they would lose face and pull out. Read the announcement, it's clear.
For those who complain about lack of progress on the ground, have a think about it. It needs funds from EUR to get the project rolling, the DFS is $1.5m I expect, plus costs of all the ancillary stuff needing done. When the money is there, it will happen.
Now is a big buy time, either way you win. If the market on ASX goes up you win, if not then I am sure a takeout with a nice profit could come from CRML. Any international investor is going to value the assets at way over $75m
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