Wow some of you guys are poorly informed
They didn’t own the asset when it was $1.80, try doing some research
Mt Adrah was drilled, they had very encouraging results. There was farm in offers on the table, but progressing the asset and retaining control is a little tricky. So rather than raise the $3-5M to have a half decent crack and risk losing control of the company, certain parties chose to play corporate shenanigans instead for their own benefit
Since it became controlled by GTT / 4CE, its been a similar story with CR after CR to friendlies, all the while just 2 holes into Mt Adrah
I genuinely hope the buyer proves up a multi Mozs deposit
Ann: Sale of Non-Core Gold Project, page-80
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Buyers (Bids)
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| Price($) | Vol. | No. |
|---|---|---|
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