Skar
Regular
Except that America are investing BILLIONS in Africa to get TRILLIONS out. There is no rush for a sale of AVZ... if Manono is not a part of the initial US investment, the US are still building the Lobito corridor... Kobold have many many other assets they are investing in in Africa (ours is just the best - thus it deserves a premium).Obviously those with more shares will receive more total $$$. With an offer of $1 plus, everyone with a few million shares will get $5-$10 mill before taxes. Nigel resisted selling out to the Chinese for cents. I think he is trying to get the absolute best deal he possibly can.
If a $2+ offer is not coming, then it doesn't really benefit anyone to keep pushing for that figure and being angry when we don't get it. Everyone is aware that the alternative is going through arbitration and trying to recover assets over the next decade. We all know the challenges faced. A $1 to $1.30 is not a fair price for the project, but it beats arbitration for the next 10 years and recovering cents on the dollar.
We can find another US partner down the line or we can proceed through courts with Cath. This perception of a rushed sale/last chance nonsense is pure propaganda. This is the START of a massive global shift, Africa investment from 2025+ will go parabolic, the population is growing, western ones are declining.
I don't expect our management to sell out shareholders cheaply now. Nigel has made it clear from the start he knows what he has. Dont let the tree shaking rob us all of a fortune. Transformation is happening.