MEK 0.00% 6.9¢ meeka metals limited

Ann: Latitude to acquire prominent WA near term gold projects-LCD.AX, page-9

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  1. 1,612 Posts.
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    So MGK Resources buys these projects from Nuheara Limited for $150,000, and then on-sells itself (and these projects) to Latitude for shares worth $1.1 million??

    Can someone explain this deal, in light of MGK Resources buying these projects from Nuheara Limited for $150,000?
 
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