Hi Wedgeman7,
Thank you for your question.
To be honest, I have no idea and it would only be speculations.
Both, Wesfarmers and Fortescue Metals, are interested in the lithium space, as are some major oil&gas companies.
I think Wesfarmers will focus on their Kidman acquisition now.
Fortescue Metals is looking for lithium at their iron projects in Pilbara since some years now, but the lithium found so far is not commercial. They are focusing at some exploration assets in Portugal, but are open minded acquiring existing projects as well, according to their CEO.
With Arcadia we have a great and unique showel ready project, but it would depend on their risk investing preferences towards Africa and Zimbabwe.
What I know for sure is that Russia has good relations with Zimbabwe since many decades and big Russian state owned or controlled companies, like Uranium One/Rosatom, have invested heavily in Africa and in Zimbabwe, like this $4 billion platinum mine deal in Zimbabwe.
https://www.bloomberg.com/news/articles/2019-04-10/zimbabwe-russia-finalize-deal-for-4-billion-platinum-mine"... Russia-Africa Trade has Doubled Since Engagement, Says Afreximbank Chief..."
"... The Russian Export Centre is an Afreximbank shareholder and the two institutions already have a link through an institutional platform established in December 2017, which has funded projects in Sierra Leone, Angola, Nigeria, Zambia and Zimbabwe..."
"... The Russian Export Center predicts the volume of Russian-African trade relations will double within the next 3-4 years..."
"... Moreover, the annual meeting of the African Export-Import Bank (Afreximbank) shareholders will take place in Moscow on June 18-22, 2019..."https://www.afreximbank.com/russia-africa-trade-has-doubled-since-engagement-says-afreximbank-chief/https://russiabusinesstoday.com/economy/russia-africa-economic-conference-to-welcome-1000-african-delegates/https://iclg.com/alb/9809-afreximbank-s-russian-ties-strengthenAnd as our Managing Director Sam Hosack mentioned in one of the latest interviews, Uranium One and Afreximbank are aligning their equity investment and CAPEX funding process.
Therefore I strongly believe it is only a matter of time that Urainium One is going to buy us!
And as always.
This is my personal opinion only and it is not financial advice. Do your own research.
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