They are just rumours and I hope they are not true. However if...

First 110 Last

Share
Profile

Follow
happyonlithium

2,180 Posts.

1

02/01/17

17:24

Post #: 21638810
Share

Originally posted by fooca ↑

Just last things I would like to add before letting it rest....
Confidence has waned a tad somewhat with the "rumour" (or call it what you want) or cryptic clues coming from certain peoples twitter accounts that Minemark's only involvement in BGS's Lithium asset deal was they introduced the "suitor" to BGS and BGS have negotiated it all themselves.
As for the MOU's, (non binding) how does that sit in the eyes of the Chinese if we sell off the asset? will it impeded any further down the track negotiations for a possible added Lithium find?
Will Minemark be happy with there 31.4c options, yes I know they are currently in the money and this should improve some but on current share price it isn't that attractive to them, considering they will need to stump up $1.4M (current Sp put them in the money by a paltry $72K) and that there are 4 members of the Minemark team all wanting their slice.
For the record, I like the "gold" deal, and the closer one looks at it the better it is (IMO) as I believe we kept the best to ourselves plus gives us a income stream too, what we are going to do with the abundance of cash we will having coming out our pockets, one can only surmise, considering that IMO there will be a flurry of 3B's with option holders exercising.
cheers

Expand

They are just rumours and I hope they are not true.
However if they are, a new beginning maybe or a sad, premature end possibly.
Management need to give a very clear indication on Tues/Wed as to where they are taking this beast!!
Confidence must be restored!!

Last edited by happyonlithium: 02/01/17

BGS Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PIQ

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

REA

UK-based Rightmove knocks back REA Group's acquisition proposal

MAY

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

LU7

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

There are more pages in this discussion • 24 more messages in this thread...

First 110 Last

Add FFX (ASX) to my watchlist

They are just rumours and I hope they are not true. However if...

Top Stories

Proteomics ends deal with Sonic Healthcare for US commercialisation of kidney disease test

UK-based Rightmove knocks back REA Group's acquisition proposal

HotCopper users liking Melbana Energy's news it's becoming an oil producer; shares jump +47%

S&P 500 futures dip during non-deciding Trump-Harris Debate; bullish for energy

Lithium Universe 'dream team' ready to step into the demand-supply breach in Canada

Featured News