RE:RE:RE:RE:RE:RE:RE:New First Berlin Research Notemining4value wrote: Under the current set-up, a buyout is not impossible but it is very unlikely (in particular by any manufacturer other than Plansee).
The company is now de facto completey tied to Plansee, who is:
- the largest (and sole) customer;
- the largest guarantor; and soon
- the largest shareholder.
With all the above, Plansee has now all the cards on their hands:
- they locked in the supply from the largest non-Chinese W mine;
- they won't allow this mine go to a competitor;
- they can veto any buyout.
If they wish, they can inject $14m @ CAD0.70 and take control on the cheap.
For the time being, they are not doing so; they have apparently decided to wait and see.
To be continued...
Agree, buyout / shmyout talk seems to happen every time something positive is released in NR's.
I remember my first comment on a buyout thread years ago was something like :
" why would a young CEO who is part of a family business let go of his child while still in the nurturing stage of a mines development ".
I do think in the future after process plant is commissioned and proven grades are acheived, then we might see Lewis being asked / begged / poached to sort out other miners financial deals, but, he needs his existing team to do this.
A young dedicated CEO who gives a sh*t for the shareholders and his team.
There is still a good chunk of Tungsten up for grabs after GTP allocations, so South Korea, Japan and EU might slurp it up. ?
Plansee / GTP also want Moly, so that is yet to be another deal to work out in the future ( if not already mapped out ) and Sangdong has a sh*t load within easy reach with minimal mine development to mine it out. : https://www.plansee.com/en/materials/molybdenum.html
https://www.globaltungsten.com/en/products/molybdenum-powders.html