re: Ann: USN: US NICKEL TAKEOVER OFFER FOR AR...
"The board is considering the terms of the takeover offer and intends to engage an independent expert to prepare a report on whether the takeover offers are fair and reasonable," Argent said in a statement.
US Nickel also said it would offer Argent an unsecured loan of $4 million to develop the Bullant gold project near Kalgoorlie in Western Australia.
Argent separately said current prices for silver, gold, lead and zinc will increase the operating cash flow from its Kempfield project, in NSW, to $251 million at 600,000 tones per annum or $297 million at one million tonnes per annum.
Argent has reviewed the cut off grades used to calculate resources at its Kempfield mine, given the 27 per cent increase in the silver price since April. ----------------------------------------------------------- -So USN must have 4mill they can secure easy? -If 89% or less non USN held ARD shares/opts go for the takeover USN will still loan the cash? ARD could payback easy after opts ex in july
ARD Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
