Roy Hill finance offers close mid November. I don't really know but would expect 2 to 4 weeks to consider offers?
Think the two events, ie current hit to profits and Roy Hill confirmation will be entirely separate events. personally I have a high degree of confidence around the Roy Hill deal. A mate/engineer inside the industry has told me in the past that FGE are amongst the best as far as competence goes...Diamantina etc may have caught them unawares but I think it is dangerous to lump something they have purchased in with something they have designed in house.
GLTA.
BC, at least our other holding is rocketing today, reduces the pain of this one!
FGE Price at posting:
$4.18 Sentiment: Hold Disclosure: Held
