If D&C are going to loose if it goes court, then it wouldnt be a very smart move for D&C.
The end result for D&C in court would be they walk away from a major project with vertually nothing.
"Bloomberg
Jindal Steel & Power Ltd. (JSP), India’s second-biggest steelmaker by value, is approaching an iron ore mine acquisition in West Africa for at least $2 billion as it seeks raw material to feed its factories at home and in Oman.
The investment will secure deposits of at least 1 billion metric tons and include building a transport line, Executive Director Manish Kharbanda said in an interview, without identifying the seller. The New Delhi-based company has looked exhaustively for reserves in Sierra Leone, Ghana, Mauritania, Sudan, Gabon and Liberia, he said."
Still seems to be a bit of money around for iron ore. Gives some sort of perspective of what D&C would be walking away from, with AF having $30B of ore in the ground.
I think D&C will try and stump up some money to buy out SRK, even if it is less than the $27m + loans offer.
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Last
3.7¢ |
Change
-0.005(11.0%) |
Mkt cap ! $10.35M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $6.085K | 167.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 120945 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 50805 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120945 | 0.036 |
2 | 170000 | 0.035 |
2 | 100000 | 0.034 |
2 | 109250 | 0.033 |
1 | 10000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 85000 | 1 |
0.042 | 100000 | 1 |
0.045 | 104846 | 2 |
0.048 | 106248 | 2 |
0.053 | 2500 | 1 |
Last trade - 15.29pm 28/06/2024 (20 minute delay) ? |
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