Remember that an MOU is a non-binding agreement and is basically a show of good faith only.
having said this I would expect that the 80/20 rule applies here
ie 80% of the terms were agreed on within the first meeting and the 20% left (small details) are the ones that are dragging this thing out a little bit.
Mining by Feb was always a best case scenario as far as I was concerned and probably a little ambitious given the various holdups that inevitably occur in such a complex process.
The Company ticks all the boxes as far as I can see and as such I have loaded the truck and filled the boots ;)
1 - Strong Management
2 - Simple, transparent project close to established and ACCESSIBLE infrastructure
3 - low capital costs
4 - cash at bank
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what happened to mou s signed november 2008, page-4
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Mkt cap ! $7.610M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 46552 | 0.026 |
1 | 98539 | 0.023 |
2 | 130000 | 0.020 |
1 | 55500 | 0.018 |
1 | 60000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 180068 | 1 |
0.030 | 319938 | 4 |
0.032 | 127400 | 1 |
0.033 | 2476 | 2 |
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