4unme, no idea but could be linked to the fact they cannot buy it outright due to sisg owning a quarter..btw hope that it all ends soon and you get enough back to cover you and family life improves.
rae, nobody has ever called him a fool and i am sure he can play a great hand but really and truly the London deal stinks..the chinese were entitled to 25 % of any deal and frank used his role as chairman to get marampa for peanuts..all talk of him helping us is nonsense in my eyes.The onlyreason he will work for us is that longterm tonkolili is the best asset by far in west africa and he knows that
late last week liu said the chinese had made their move and now this kind of confirms it, think that the bod are consulting with the main shareholders to get backing for it and perhaps waiting for a counteroffer...we hope.I am confident we will get something but that could be anything from 20p to ¨£1 OR if a stake sale leaving us secure as a company but with most value gone.
This $13 million was released at the end of december according to internal emails.
oh ok; will it be hard to operate with iron ore prices so low??any chance they send more of tonkolili ore to Europe??