Some disappointing news today, in that, the takeover talks with Greencore have ended. Not too big a surprise given the current state of the global market but disappointing nevertheless. The net result was that the sp fell back to its pre takeover level of €0.63. So now we will be eagerly awaiting the Year End results tomorrow. It will be interesting to see how the dividend structure is sorted out, so long as they keep paying a dividend, I will be quite happy.
More news on the IMIC front, they issued another RNS today regarding their JV partner African Iron Ore Group Limited ("AIOG") who have signed a JV agreement with the government of Guinea for the Simandou iron ore mining project. As a result the sp went up to 0.33p before dropping back. However, given my frustration with them previously, they do seem to be trying to make a go of things.
More news on the IMIC front, they issued another RNS today regarding their JV partner African Iron Ore Group Limited ("AIOG") who have signed a JV agreement with the government of Guinea for the Simandou iron ore mining project. As a result the sp went up to 0.33p before dropping back. However, given my frustration with them previously, they do seem to be trying to make a go of things.
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