Gold One is acting like son of a https://www.businessday.co.za/articles/Content.aspx?id=166720
Now that FIU has said they won't be seeking out other offers for EZ Gold One is all to happy to crow about the deal they got on EZ - this is disgusting, management caved to a low offer, and then for no reason gave Gold One exclusive rights to the sale? And now they are saying that the plant is worth hundreds of millions. WOW. I am so angry about the way this was conducted.
STV: First Uranium has already spent $400m on the Ezulwini shaft. Is that enough?
GS: Absolutely. They’ve spent the lion’s share of capital on those operations – they spent a lot of money on the shaft and developing the gold and uranium facilities. They’ve unfortunately never operated those plants at full capacity, so there will be a little bit of capital that is required to get those plants up to full capacity, but having said that it’s tens of millions rather than hundreds of millions.