They even purchased their project at the same time as AEX bought DD.
Wed Jul 6, 2005 Forsys Acquires the Valencia Uranium Deposit, Namibia. Retains Quest Securities for up to $2,700,000 Private Placement "
Canadian dollars
"In addition to the payment of the US$2 million, the Company will issue an aggregate of 5,000,000 common shares and 3,000,000 share purchase warrants (the "Warrants") in the capital of Forsys to Vestment"
Share price was about C35 cents.
So US $2 mill + C$2.5 mill approx = A$5.7 mill
AEX paid A6 mill for DD with an Inferred U resource of :
31.5 mill tonnes @0.35kg/tonne.
Forsys at the same time bought Valencia for approx same cash BUT with an Inferred resource of :
32 mill tonnes @0.22kg/tonne
NO GOLD and an inferior U resource to DD.
And dont forget AEX has the GOLD GOLD.
Some say they are in AEX for the Gold....some say they are in for the U
Im in for the GOLD and U........ 2 mines in 1.
AEX have bought DD smart....paid up for a project that has the goods. No wonder they offloaded Wingellina and concentrated soley on DD.
Having said that....what have AEX been doing the last year ? Seems Valencia has really kicked on while AEX has languished a touch in progressing the project....maybe finding the " right " Director took alot more time than thought ?
Looking good now though.
Valencia has convinced me DD is going all the way to prod'n.
