RE:RE:RE:Platreef spinoff?RF is not flushing out a buyer. Why would Zijin and CITIC with over 40% of the shares agree to let RF with 14.75% sell to someone else, denying China access to a future PGM source? It doesn't make sense.
Even a spin-off would require a Chinese OK. It could potentially complicate their acquisition of majority control. Instead of buying one Company, they would then have to buy two. A spin-off would be great news for investors. It would mean Zijin and CITIC also want to maximize share price. Then investors have really hit the jackpot because everyone is on the same page. I don't know why Chinese state miners would want to do that, but who is to say? Time will tell.
RF currently owns 14.4% of the Company as of early December. Since then he exercised 1.7 million options at $0.99 share, and acquired 2.5 million shares on the open market. The additional 4.2 million shares is 0.35% of the Company. So, it looks like RF has 14.75% of the shares out. He's permitted to buy up to 19% per the recent agreement.