Post by
trader53 on Dec 21, 2021 10:35pm
After much thought about this deal!
Sinomine after their due dilligence must believe that PWM'S project has tier one economic potential. Billion Dollar Companies donot waste their time or money on early stage projects let alone nominate a board member to represent them. I believe Mr More intentially limited their equity position knowing full well that should they want to increase their holdings they would be left no choice but to accumulate a position from the open market. Its a puzzle to me and I would welcome others thoughts on this deal.
Comment by
Ricky55 on Dec 22, 2021 9:31am
My take on this deal: The Chinese Sinomine is grabbing this big mining spot in Canada before somebody else do ......Specialy with the stressing relation with the u s thoses days.They probably prefer investing here in canada! there will probably be some others financing but at a much higher price if the estimate ressources are goods!To me the deal look good!
Comment by
frewil11 on Dec 22, 2021 10:42am
Ya the deal is fine , at the end of the day they have to show the market through the drill now , I feel very confident that the goods are there or Julie Selway wouldn't be involved .