very interesting move.
excerpt from the ann:
" This view has been enhanced by discussions with potential off-take partners and other
parties interested in the joint development of the Marampa Project and/or related
infrastructure and desktop studies of the Marampa Project by Cape Lambert technical
advisors."
"The Company has also held discussions with parties interested in joint development of the
Marampa Project and/or the development of the related infrastructure. These parties will visit
the Marampa Project in the coming weeks so as to progress these discussions."
Looking pretty good and this strategic move might pay out in due time.
There must be some significant value in this project, otherwise Sage wouldn't hurry to raise the stake.
Looking forward to finding out what the Chinese are going to offer for it. The Joint Venture agreements will be most interesting.
Takeover by the Chinese is not out of the question either.
Cheers
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