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11.8% 1.5¢ forrestania resources limited

Ann: Intention to Spin Out Gold Assets , page-3

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  1. candlecharts
    49 Posts.
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    17/03/10
    23:20
    Post #: 6463856
    I'm new to this one but I think the idea is that they want to focus on their iron ore assets - the announcement includes the following:

    "Successful completion of the spin-out will allow FerrAus to focus on its core FerrAus Pilbara Project in Western Australia, where a pre-feasibility study has commenced after positive scoping study results indicated the strong potential economic viability of that project."

    My take is they intend to focus on iron ore, not divest.

    FRS Price at posting: $1.06 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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