LRL 0.00% 1.4¢ labyrinth resources limited

announcement out director on market purchase , page-29

  1. 2,180 Posts.
    Hi guys....just to put things in perspective...DRD,s option to acquire the remaining 35% of MLI,s Elsburg Gold JV is most likely to have been secured as they had until 15th January to excercise their initial 11.4%. Following this they announced that they had sold the entire 35% remaining , including the 11.4% ......So bascially we should see the deal finalised in the next 24-48 hours.......thats basically what im hearing......this is not meant to be taken as a done deal until the ASX actually release an announcement to this effect so please dont make suggestions that the deal has been done.......i will leave the rest to you all to make your own assumptions...............all the best , and after all MLI SHAREHOLDERS have waited long enough to recover some of their monies from late last year.........its been a rough few months for some of you holders so enjoy some recovery over the past few days and hopefully in the very near future......fingers crossed.............Cheers and good luck for tomorrow...........MMM

 
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