RE:RE:Very positive move by Black. To be honest, I am sceptical about all this IMC talk at the moment. seems so unreachable....
BUT it would be the best thing that could happen for us shareholders.
- Plansee definitely have no intention to give up their supply for the next century to a competitor; that would be crazy and seriously jeopardize their independence from Chinese supply.
- The only way this could be passing on to IMC is a hostile takeover offer that convinces management and all other shareholders. Key is management; they hold enough shares to either allow Plansee to stay in the game or be out of any tungsten supply from Almonty.
- Should a bidding war erupt over Almonty, then I don't see Plansee having any chances against IMC. Warren Buffett is siting on a 145 billion war chest!
- Ultimately I also think that IMC cannot let this go; they will have to try it somehow. Holding the key to this tungsten supply catapults any tungsten manufacturing company into complete policital and resource independance.
- Who knows, maybe they agree on Plansee being supplied by Phase 1 and IMC by Phase 2. In addition we would then have the molybdenum mine financed locally and offtake signed with a korean major.
Let's see what happens in the future. I expect all to be releaved the latest, wenn it's evident that Sangdong is running as expected. I think that's the final confirmation that all parties are waiting for.
"Plant running at design capacity with recoveries in-line with the projections from the pilot plant" That's our golden ticket!