Buldania Project discussion, page-370

So rastes mon, regarding BD and the rights to that bit of land that we were talking about.

If we have first dibs to counter offer (match) the $2 mil that is tied to the 1.5 percent rights deal (which I'm certain we do) we would need to find the dollars for this.

So an announcement would be made regarding this. That would be super bullish, i.e. "we don't want to give up any of this action".

I wonder if we have a rig heading up there right now to do some drilling?

I also wonder how long we have to match the offer? Its always nice to control things outright and this management seems keen on controlling the direction we are heading and maximizing returns to shareholders so we may just chase those rights ..?

The cash,... would it be a small raising, or a placement .. perhaps depends how long we have to make our minds up..?
Ive seen small raisings done as placements to cornerstone investors at a premium to the going SP before. The market takes this as being very bullish.

I doubt any mini raising would be offered to us rabble. No offense! Ha ha! But it would have to be offered to everyone equally and each punter would want their shares (this time) and so everyone would get 2/5 of FA... Not a popular line of thought I'm sure but true! Ha ha! Raisings are much more expensive and time consuming to a company than placements too.

Anyway no biggy.

Blue swims you say you have heard the host rock at BD is different to other lithium deposits that have been found to date?
So as you suggest this may explain why this gem remained undiscovered for so long.

I wonder if this means that first results may take a couple of days extra as they tweak the process to suit this new rock type..?

So maybe we will get KV results including the much awaited (potential) massive intersection hole first...

Nobody knows, well except the company. And they sure aint telling,
Nope.
The first we will know is when the next announcement pops up on our screens. KV or BD... both promise to be killer news..the stable SP we are seeing shows not many wish to gamble not holding stock when next news comes..

Tretch

Hope you are feeling better sheep guy

Swine flu, avian flu, now lamb flu, thats a new one!