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13:18
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Originally posted by alecfra:
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We are currently capitalised at around $70 mill. I am observing a major push down on the price by CHI-x. This is despite the fact we are well on the way to creating the next Vanadium mine in Australia.. We are seeing a few normal hiccups due to slowness in Govt approvals...Yet the company has completed some major steps and soon to release some major partners in takeouts and equipement.
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IMO a takeover offer short of $1 a share has zero chance of succeeding. RCF for one will be looking for a much higher number for their 20% stake which from memory was purchased at 33c (happy to be corrected) a share. It would be nice to see RCF buying on market but with a board seat perhaps they are prevented from doing so right now.
