RE:RE:RE:RE:RE:RE:I've Followed Tinka From A DistanceYes. They must declare intent once 10% of public float acquired. Mgmt willing they always have option of going over 10% through private placement route.
Largely, my point is mgmt is not proactive. They missed huge opportunity to refinance via private placement and/or partnerships when shares were at .80. Sooner or later they have to raise cash and that's when Nexa or the other Peruvian operator can move in...at these low levels it's like a standing invitation to acquire.
Still with this action Nexa has indicated interest. How this is interpreted, what it means, is open to question. Mining companies try to own pieces of as many promising jrs as possible. In this case it's a cheap hedge for Nexa that shouldn't exist.