posted on
Nov 06, 2015 02:08PM
It is no longer up to the BoD, in fact it is RCF ruling the company now, Franco Nevada as second as they will not get repaid in time. All signs are pointing to a buy-out shortlly after most important issues are solved. Any of the majors may join the party. I sincerely believe that decisions regarding the 2016 Liberal budget are already being prepared if not yet made, it would be obscene to state This will be done in spring 2016, the larger part of the budget is allocated according to current liabilities, normallly far over 95% of Total budget. It implies directly that Coutts has the right timing to put down his feet, even if the budget will be communicated at later stage does not say it is not in the make today.