Weird announcement.
you announce a prospective deal that hasn't been secured 4-6 weeks out.
- biggest shareholder doing negotiations
- giving you an open cheque book
- they speak of a SXEW plant process
- they name others in that region (including Tiger Resources which seems to be a fit) - but you are naming them in the ASX announcement. Tiger announces nothing
I can't see the reason why?
- the company is making a loss from is AUS operations and needs positive cashflow not to capital raise and dilute. Other than this reason for YCI to help them this way, why wouldn't YCI just complete the deal themselves.
News: Chinalco Yunnan Copper in DRC game changer with Yunnan Copper, page-3
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