Forrest just made a 100% underwriting agreement offer at 5.0c for ~1.5B shares, thats a A$75M commitment. Forrest bought $600k of stock in hours on market on the BBM bid news.
Black Mountain made a bid/approach at 6.0c for 1.1B shares as announced to the ASX. They have U$900M invested elsewhere-
http://www.blackmtn.com/about-black-mountain/
"Black Mountain was founded in 2007 by Rhett Bennett to identify and capture high-growth opportunities within the energy & natural resources space. Backed by strong equity partners including NGP, our strategy is to develop detailed subsurface expertise in our operating regions and apply that knowledge to create long-term value for our customers and stakeholders. To date, we have invested over $900 million in oil and gas leases, minerals, salt water disposal wells, fresh water, water midstream, battery metals, and in-basin frac sand with two world-class frac sand mining facilities"
Insiders & top 20 are buying these rights shares massively. This says a lot to me.
As for infrastructures, its way larger and way cheaper than ANL or SIR when they were at 5c.
Norilsk and Lionore didnt spend A$1.2B on this infrastructure for nothing.
As for resources, they are way higher grade and way larger than ANL or SIR with abi rose, emily ann, silver swan being double to triple higher grade than SIRs nov,a PANs lanfranchi or ANLs murrin murrin.
Sorry but its too late for those that didnt take up the rights shares,
blow the dog whistle again boyz, hint hint!
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