Been off HC for a while now (self imposed ban to prevent permanent psychiatric illness after spending too much time on the LYC thread last year).
Have held on to my SSC/BMB shares since 2011 when togo was first leaked.
Have read about 2 of the tenders, us and the Wengfu/Elenilto (not sure who the 3rd is). Looking into the W/E tender they seem to be very large and established companies with solid experience in the sector and region.
Obviously our submission is strong else we would not be shortlisted, however, was just after someone with more knowledge regarding the MOU's and mine development process to provide a comparison of the 2 tenders from what information has been provided.
As I understand it BMB will be developing the project, MAK will have 1st option as a JV if they choose and provide consultancy, Deepak will potentially be involved in downstream processing if they deem it viable. Also noted deepak took a hit in most recent reporting season due to lower demand.
Appears the other tender Elenilto is established enough to run the project in terms of experience/infrastructure, with 40% investment coming from Wengfu and admin etc assistance where needed.
Am just seeking some other thoughts on how these compare, but on reading of media reports (although I hope BMB win it)it seems like the W/E tender is on the stronger side given experience, scale of coy's and more certainty in terms of tender agreements between the coy's.
Thoughts??
BMB Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
