Small Caps article....the last two paras of interest but the very last is vital.....don't overpay/over dilute. If it's value for money okay, but let it go unless the terms are much better than they now are....maybe get rid of the extra dilution Mirrorplex want for SI6 to go from 60% to 80%, i.e. make it 80% in two stages, not three.
https://smallcaps.com.au/six-sigma-metals-due-diligence-drilling-lithium-mineralisation-shamva/
Extending due diligence
" Six Sigma’s board has elected to extend the due diligence assessment at Shamva for 14 days after receipt of final assay results to enable “full interpretation of the geological merits” of the promising lithium project.
At the same time, the board will consider all aspects of the proposed three-stage acquisition announced in July of Shamva and the neighbouring Chuatsa vanadium-titanium project from Mirrorplex." It is a step in the right direction to know the BOD are keeping their minds open.
Might actually make sense and take the potential sour taste out of mouths if the deal be restructured as two tier, 80%.
This would also reassure holders/investors that the SI6 director who also represents Mirrorplex is even handed in how any deal is handled. No good saying one director is standing out in this case: it doesn't happen that way as all know....if a director has two hats it will need to be very clear that the right thing is being done. No doubt there are some good assays in there (and some misses/light on), and potential, but as some posters have pointed out today, there will be much dilution, and Li is a bit slow at the moment, and nothing is going to be done speedily with this one.
Said before, perception is everything and the BOD need to be seen to be doing the right thing especially when there is (possible) perception of potential conflict of interest.
Regards to all.
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Ann: High-grade Lithium mineralisation at Shamva Lithium Project, page-25
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