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20/06/22
19:57
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Originally posted by 1sharetrader1
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It normally means that another company is interested in a companies project, a intent to get involved by funding or joint venture, or a intent of a offer to buy a project.
Also can be a intent to be a board member or removal of the board or a board member.
A letter of intent can also be in regards to a legal issue over a lease or ownership.
I think that this could be good news for the company and its shareholders, more likely that someone is interested in the companies leases.
I do not hold, but my wife does due to me telling her about this company.
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Or a non-binding MOU type agreement to establish a framework for a future offtake agreement to be finalised closer to appraisal drilling