Assuming their "Plan" continues to go along unhindered by the underlings...June 30 (ie Implementation Date). The final part of their "Plan" was all set out in the Scheme of Arrangement - which, (as expected) is going along unhindered - so why bother to provide any further news??
By the way, I still can't figure out - given they are so experienced in this area of business - why Tremont would mount a takeover of a Company that owns a mine like Panda Hill without first securing offtake agreements ... and possible finance as well (although they could probably fund operations themselves). It was Tremont (or related entity) who were responsible for the offtake and finance negotiations wasn't it?? Maybe I'm just naive (or plain dumb?) for thinking these agreements would be announced prior to a takeover offer.....
Also, I note Panda Hill Tanzania Limited (owned 50/50 between Cradle & Tremont) which will operate the Panda Hill mining operation (which is located in Tanzania) is actually registered in Mauritius. I wonder why that is?
I'm sure there is a moral to this particular story somewhere....you bet ya!!
CXX Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
