Not sure. I expect a spinout down the road but not as fast as with HKHE because this deal gives them all the money they need to complete feasibility. So down the road I would expect a spinout although not necessarily in HK but it may be. I also might expect a possible buyout of the remaining % than SRSR maintains instead of a spinout. The Chinese might prefer private ownership as they are end users bet I can tell. Or other Chinese groups will buy out the SRSR shareholders stake? Just a possibility but seemingly would make sense?
I assume Scott will be involved and be part of the board but also according to what I recall being a Merle update Scott was very favorably impressed with these guys operation and mentioned that their mining technology was vastly superior to what Scott has personally been involved with. I imagine it primarily Scott and gang that has to get it through feasibilty but I would think the Chinese would take the lead after that as they very well could self fund the construction of the mine and processing facilities? Scott however will remain involved?
Just my best guess. We don't have enough information yet to know all the future plans. This is a good deal and IMHO virtually gauruntees that this will become a operating mine as quickly as it can. So despite not much action share price wise, we are 50% of where we were when HKHE was announced, so incredibly cheap. I beleive the company is now on its way to fulfill all of the promise it had almost 5 years ago when I discovered it. How quick it makes a big price leap is any ones guess. I doubt it will be before the official approval?
I expect that there will be ample opportunity to buy large positions at favorable prices prior to the Chinese Government approval. I won't say the high twos are gone as if volume stays low it certainly can revisit that level but doubt sub 2 cents or even low 2's will be seen again. It really up to the story getting out and NEW investors buying up large positions.
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