Buying tenements for $10,000,000 + real dollars of hard earned CASH, money, moolah for assets today which would be worth nothing to anybody else if they are worth anything to GWR. The CASH however would be valuable to GWR (and its shareholders)
Handing out shares to Lingchip for a resource of iron ore when the contract was originally for the discovery of a JORC resource for gold (which probably still exists in the tenements and no doubt if proven will cause another payment to Lingchip.)
The "coincidence"
Guess who controls Lingchip and received monies for the tenements.
This company and its share price will languish unless it stops being a private bank for JD and others and starts being a genuine iron ore miner, the first step should be to get rid of the henchman
GWR Price at posting:
28.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)