Remember the IG interview with Peter? He says “we are in discussions with someone who may be interested in funding and combining both the Uranium and vanadium?" Could this trip to China be related?
I see Tiris as a TO target IMO - I see the DFS delays in January as Peter making triple sure he has everything sorted before opening negotiations - Pete would already have the numbers and would not be in China for the dumplings. IMO
I wouldn’t be surprised if Peter is thinking about selling part of Tiris for the equity portion of the combined loan for Tiris and Haggan. Say up to 34% - keep a controlling stake at Tiris. Could get 50m-60m - 10-15% of a 400m-500m loan. IMO
10th October video
http://www.auraenergy.com.au/phone/video-presentations.html
Ann: Half Year Accounts, page-37
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