I don't understand the problem people have with groups buying tenements and selling them into other companies. This is the way the mining industry has worked for years. Information is available on the public record. If you are skilled enough to be able to utilise that information and can make a bit of money moving a project on, then good luck to you. Does it matter if EIL or Tiger or anyone else has been in business for 2 months or 20 years. They are just utilising their abilities, identifying saleable assets and fulfilling the demand in the sector. If the assets that they identified weren't any good, companies like Comdek wouldn't be interested in buying the assets. There is also the due diligence process to go through to protect the buyer.
CDS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
