https://www.tipranks.com/news/compa...rifies-vanchem-sale-amid-shareholder-concerns
Bushveld Clarifies Vanchem Sale Amid Shareholder Concerns
TipRanks UK News desk
May 25, 2024 at 01:18 AM
Bushveld Minerals Limited has addressed concerns and corrected misinformation regarding the proposed sale of its subsidiary Vanchem, emphasizing the transaction’s necessity to avoid insolvency.
The company clarified its financial position, the rationale behind rejecting alternative funding options, and outlined the potential benefits and consequences of the Vanchem Disposal for shareholders.
Additionally, Bushveld has defended the terms of the deal, stressing its importance for the company’s financial stability and future focus on the Vametco turnaround.
Here’s a link to info on its’ retained Vameco mine
https://www.bushveldminerals.com/about/operations/vametco/
And on Vanchem:
https://www.bushveldminerals.com/about/operations/vanchem/
And on the new Vanchem (almost) owner:
https://www.miningmx.com/news/ferro...tor-rides-to-the-rescue-of-bushveld-minerals/
cheers
https://www.tipranks.com/news/company-announcements/bushveld-clar...
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