So Bain have done a deal with LCY a day or two ago. Funding $10m of costs for a profit share arrangement which seems pretty reasonable for both sides.
LCY are an actual proper company with a $100m+ market cap whereas CLZ are not.
The Bain deal with CLZ was supposed to close on 28 Feb. No surprise that nothing further has been heard ie. :
- No "Ministerial consent for the transfer of M74/249"
- No "FIRB approval for the acquisition of M74/249"
- No "Consent of counterparties to relevant commercial agreements encumbering the Kat Gap tenements"
No "Completion of satisfactory due diligence"
Looks like Bain found a better option. All we get is the 3 stooges gaslighting and shitposting.
So Bain have done a deal with LCY a day or two ago. Funding $10m...
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