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Ann: AOP:Agrees Terms for $7M Divestment of Northern CdI Projects, page-7

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oligarch

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358

08/05/20

10:46

Post #: 44507278
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Originally posted by Dr Jonathan West: ↑

I think you misread this release WGDT72. I see it as Apollo selling their 20% to a fund, not ERX and whilst ERX has the opportunity to match the sale offer and take a full 100%, I don't see where ERX have said that they will do that and reduce their cash base. Maybe they will exercise their pre-emptive right which will reduce their cash but given the potential of the project (I personally think they will probably end up with plus 2-3 million ozs) that would probably be a cheap cost to get a full 100% of the project

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hi Jonathan & others,

MBG aka Nick Germain has tweeted recently the idea that possibly some of the gold is refractory , can anyone confirm or deny that ? i believe he has also said he himself has also not validated that rumour

ERX Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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