July 22nd is not more then
7 weeks away now.
Count down 10 - 9 - 8 - 7, ? ? ? ? ? ? BLAST OFF!!!!!
Probably have an answer before it hits 1, in other words will they wait until the last day/ July 22nd.
Will we have indications about the way Sibaneye views the project.?
We know there is money too be made building the project.
We know the SUPPLY of Palladium is in deficit for quit a few years time.
Over a million ozs this year alone is the deficit.
Has been in a deficit situation for years now. Copper is a big contributor too the cash flow here, and we know how much the world will want copper.
Unless Sibaneye expects the prices of commodities too drop through the floor then its ignorant of them too waste this much time poking around and sitting on their thumbs.
If Froneman is as smart as he thinks he is he is wasting time. Now is not the time too quibble about a couple of hundred million. Not when you could be making multiples of that over the longer term.
If he wants too make money on the intial outlay then what better way then BUILD IT OR BUY US OUT.
They have mentioned they are not really mine builders, so give us your share of capex and we build it.
If they do not , I am sure there are others , we know there are others and so do they.
Its a Mexican standoff it seems.
So I cannot for the life of me see what the delay is. What more do they need too find out?
do they want too see the first drill core that comes out for this 8000 metre drill program?
Do they actually need too see the core (visual) so they can see visually if it holds palladium before they make their move/
It is frustrating too be held like a hostage when you know you have a great asset.