Post by
Katoriff1 on Mar 07, 2019 1:39pm
Downside
So, what happens if Nexa doesn't make Karmin any offer, or even a decent offer for buyout before the deadline? Just around 8 months left...that clock really is ticking. Glta
Comment by
Dimo10 on Mar 11, 2019 8:22am
IMO Nexa would not state that it was a priority to develop that area if they are not going to make a reasonable offer to Karmin.
Comment by
Youhillman on Mar 12, 2019 1:09am
NEXA has already determined the mine is a priority so they are moving forward. Karmin has to decide if they are financing their portion of the development or are selling to a 3rd party or Nexa. Karmin’s Only bargaining chip is to sell to a 3rd party at a certain price with Nexa having the right to match that price. That’s the position Karmin is in! IMO