It is possible that a big player is going to invest a large amount of cash and expect a board seat, but from the announcement seems to suggest that the South Africans want to be left alone to get on with the job. Right now their interest and those of rest of the shareholders are aligned so I am not too worried.
Regius doesn’t have the cash to develop the mine on its own. They need MUS to be a success so they can raise the cash to scale to full production. Trying to play silly games now is just going to shoot themselves in the foot.
Of course it could mean that MUS is nearly out of cash and Frank is worried about trading while insolvent. This seems unlikely given he stayed around when they were basically insolvent back in April, but who knows.
MUS Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
