TSXV:SOP.H - Post by User
Comment by
JackBaueron Sep 11, 2021 12:22am
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Post# 33844545
RE:UPDATE ?
RE:UPDATE ?
I spoke with Andrew. Now that it is done and over with he was able to give me a fair bit more information as to why the previous deal didn't go through. It was as i suspected. VGLS were shady folks. Here is the good news. The reason CCI went for the deal with VGLS is because they offered to overpay for Tamra. SOP was attached to Tamra/CCI through the JV so SOP was stuck waiting and had to be tight lipped.
New buyers are more serious, and are paying a more realistic price. By the way he worded things I inferred that bidding had completed. He is in contact with the buyers.
I also believe I may have misunderstood him about waiting for the Tamra reserves booking to complete prior to the deal going through. He said that wasn't the case.
I spoke with him end of August, and he said he's been told its looking like within the next month. So i'm hoping early October at the absolute latest.
Hopefully good times on the horizon. A relist on the TSX-V would be nice too...