GREY:WFEMF - Post by User
Comment by
Mark101on Jun 22, 2012 10:18am
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Post# 20043374
RE: 24th?
RE: 24th? I dont know ark, if you look at the Bloomberg article from June 19, Brian sais IMC should have due diligence completed by the end of the month so the June 24 date is not carved in stone ...
IMC, 80 percent-controlled by Berkshire Hathaway, signed an agreement with Woulfe to invest $35 million to develop the $115 million mine and the same to build a refinery, Wesson said. It will decide on closing the deal by the end of the month -- after reviewing a feasibility study Woulfe prepared -- in exchange for a quarter stake in the mine and 55 percent of the refinery.