mdl investment in bom/wtr

The 14.9% stake in BOM/WTR is positive in my view. It vindicates the minerals sands project by a major player who has put in $12M as equity.

Pros

- vindication by a cornerstone investor already successfully demonstrated a project in production
- potential take-over down the track
- help with offtake negotiations
- will probably participate in future fundraisings (making easier to raise cash)
- has taken care of loose stock from the WTR old shareholders (those that wanted to take a bit off the table probably have done so now) - so no loose stock on listing

Cons

- the 15% stake will make it hard for others to take it over

BOM will relist this Thursday under WTR