Good luck Mr Dollar, and to others who hold on, you might be right, however I took a different view and have now fully sold out.
Wyloo might not get 90%, but following the arsenic and the BOD statement and performance it is clearly probable that they will get above 50% and MCR will become a Wyloo subsidiary, which will add to MCRs woes with BHP.
I would also expect Wyloo to aim to solve MCR cash issues with a CR, and due to not all participating will further increase their holding.
One could also expect a shit fight with BHP wrt any rights to ore beyond 2025, and regarding the rejected ore. Is a Wyloo controlled MCR going to promptly commit to building their own concentrator for post 2025 operation? Does their contract with BHP permit them to?
Far too many risks and uncertainties for me. I don’t want to be in the arena for a AF/BHP tussle.
I am hugely disappointed.
EL
Ann: Target's Statement, page-91
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