IKN

Win us with honest trifles

The Capstone (CS.to) rumour is true…

…Darren ‘Drop The‘ Pylot is indeed buying the 70% of Mantos owned by Orion for U$600m (and IKN would like to thank a couple of readers who confirmed the juice, you know who you are and we love you longtime). This means Orion, who originally bought 100% from Anglo for U$300m in its firesale, then later split away 30% to Mitsubishi for U$238m, has made out like veritable bandidos. Good for them.

Mantos has serious CSR pushback from locals, fwiw. How this fits with Santo Domingo in Pylot’s plans is unknown, what we do know is that CS is going to need capital to close the deal.

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