I cant see Bannerman ( basicaly us...the shareholders ) buying out the 20% stake.
I think they will unload it to a bigger company like your Areva or someone similar. I do agree though, that if the partners of the 20% are holding out for more than what it was worth during the u bubble...it might not happen.
Of course as Tibbs points out, we would all love it IF that did happen because the sp would respond accordingly.
Ive resigned to the fact that I dont think much will happen until..
a) that dam mining licence is approved! which is taking forever. b) the revised ESIA submition is approved c) BFS
Is it Widerange + the shares that CJ own total 20%??
Because Widerange only hold 6.49%
20% of the exisiting shares on issue ( 234,435,934 ) if the comapany offered tham say...$2/share..that's $93Mil it would cost us! ( If my maths is correct )
Sounds expensive even at $2.
BMN Price at posting:
82.5¢ Sentiment: LT Buy Disclosure: Held
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