Hi Kali, the company has clearly stated a big draw card to the deal is access to Chinese bank lending, if we dont intend to grow on debt, then why do we need such access?
obviously TI will want a big injection for it's own mill if it proves to be another St Ives & I guess it is reasonable to do that on debt, but the foriegn debt in question has those risks attached.
The "shovel ready" ground will more likely be picked up via scrip rather than cash.
this deal would be much better if it were for 25-30% of the company. how can a director be independent of a 51% holding, jump, how high, not high enough, bye bye. I dont think any are begrudging a cornerstone holder of the entry price, it's the control of the company we are loosing & far too big a chunk of our assets, & not just half of our reserves & resources that Don referred to, but also our tenements like TI which he didnt mention in his quantification.
FML Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
