riversdale revisited, page-4

related party transactions always leave question marks

the time it has taken SLT to finally find this project was so long that I start to think maybe they were too busy setting up their own private entities, getting all the corporate structures set up right

now whether the transaction is arms length & for the best interests of SLT shareholders, I have no idea. in fact, if it means management is going to own a bigger portion of SLT after acquisition, it may not be such a bad thing as their interests are better aligned to ours,

now question marks aside,

no idea about the quality of assets either but you have to say they certainly found the location location location

I sold out of the old ATQ (now IEC) way too early but that was a nice run & a solid operation they have at Ngaka. from memory a power station was proposed right at the door step of IEC's ground, aiming to produce 400MW of power over LT.

they mentioned nearology to CKA's assets too. well I think their flagship asset is in Indo, so gona keep an eye on their drilling stats in Africa

not a big U fan myself but noticed they have put Mantra Resources & UNX's ground on the map. personally cant see a compelling case with our small tenaments next to their large holding, but guess the management is trying to draw attention to the nearology factor to Mantra & UNX too

all in all, nice location is the only thing I can say.

they want to raise small amount of $500k, I hope they pump big time to raise cash at a good price