"In July of this year, 3 weeks after the conclusion of the rights issue, Sovereign Gold announced to the market that the company had secured a $2 million Joint Venture agreement for the exploration of Mt Adrah."
I wonder how long it takes to negotiate a deal like that?
Coincidentally, when I spoke to Simon Bird last Friday he mentioned that the Mount Adrah JV wasn't a "done deal" and he was over in Perth meeting with a potential JV partner trying to negotiate a better deal for shareholders.
SOC Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
