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Ann: Market Update to Sinomine Transaction, page-48

  1. davidvestor
    310 Posts.
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    27/02/18
    22:40
    Post #: 31396654
    yes, I suspect they might not have the balance sheet to go for an outright buyout.... the recent M&A cash portion (10% of the total) cny160m need outside funding !
    Of course, we will never be 100% sure, but we are talking about usd200m (mine+production), not a walk in the park for them. No matter what come up, current sp 4.7 is a buy for me.
    PSC Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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