I read it as though they are getting it ready to be sold/farmed out... get some more coin in the coffers before having a real crack at something that doesn't have such a big infrastructure hurdle.
Equatorial is focused on creating value from Badondo
in addition to identifying and evaluating new
opportunities in the resources sector which have the potential to build shareholder value.
In addition to maximising the value of existing assets, the Company continues to identify and evaluate resource projects which have the potential to build shareholder value. During the quarter, Equatorial assessed a number of new business opportunities and will make announcements to the market as appropriate should an acquisition occur.
Ann: Results of Meeting, page-7
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