Once again...
Ntsimbitle want a listing, JMS brings the Australian listing.
As a result, the plan is certainly not to take us private, as they would lose the listing.
Why do they want a listing? Because a listing provides a currency (i.e. shares) you can buy assets with. This currency has little use if the share price is depressed, they'd want to increase its value as much as possible.
They can bring some of their manganese assets into JMS, sure. But why would AMCI and POSCO accept to be diluted at an unfair price ?
In addition, as minority shareholders, we also do get a vote on related party transactions.
There is a solid growth story to build here, creating a large manganese miner, with synergies and economies of scale.
Positive Manganese data, page-63
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