I originally bought my holding because of the promising tenements the company held. The Maitland project was going to be a stand alone project, which would be able to finance drilling on their other leases.
The shareholders were given every indication that this was the case and that Maitland had enough capability to do this.
The fact that the Maitland project has now been sold for next to nothing definitely hides facts that we are unaware of.
The decision to sell Maitland has been extremely quick and as someone else said...at a time when the market is very low and at the end of the financial year.
I think also, that there has been pressure put on Richards by Kagara. I am giving him the benefit of the doubt at this stage, but feel that the shareholders are owed a lot more information on this deal, as we are the ones losing.
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