Luckily only have a very small FEL holding. The timing of it all is very strange as well. Nobody at the moment is clamouring to buy Australian gold mines due to high labour/extraction and costs and it seems the company don't believe they will also have made 5 million profit in the next 3 months which is somewhat a red flag as well considering the IO hedging contracts in place
Ann: FEL Acquires 60% Interest in Cu/Au Project at Tennant Creek, page-13
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