Maybe Noble etc will have to learn to sell at a loss...it’s not...

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Heeman

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02/11/20

21:25

Post #: 48596585
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Originally posted by Birchcorp ↑

I think we have two options here and I'm calling them INTERNAL (PIC, IDC, and Noble) or EXTERNAL(JV's Mergers, new/additional funders etc.):

Like Dplayer mentioned there are so many options to look at and consider. So I think the priority is to sure up our working capital needs so we can address the INTERNAL. i.e. without the working capital from Noble to give us a few extra months we cannot explore anything.

Given expansion is publicly shown to be 15-24Mt, I'm not convinced after a decade of planning, construction, finance, and even patience with each other, that they will just hand this to a third party (EXTERNAL) and allow someone else to reap the rewards.

I imagine everyone would be scrambling at the moment... its a busy next few months! and there are a lot of other major shareholders home and abroad that have an interest in seeing this through.

Noble bought their shares for 22, and 40c.
PIC 22c
Integrated (CESC) India's third largest power producer 57.5c
Bantal (CESC) for 82c
Valu (minimum 22c)
Lukale 40c
Shinto 22c

Most of these above also have offtake agreements or expectations e.g. Valu has the first right to own/build/operate a power station next door.

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Maybe Noble etc will have to learn to sell at a loss...it’s not unheard of

RES Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
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Maybe Noble etc will have to learn to sell at a loss...it’s not...

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