Share
752 Posts.
lightbulb Created with Sketch. 189
clock Created with Sketch. 13/01/23
15:59
Share
Originally posted by lindentree:
↑
for those who came in late...(my cap lock doesn't work) ...gv are negotiating with gwr to mine the "j w doutch" iron ore deposit at wiluna west...gwr i believe was a doutch dominated company at the time of float and doutch got $10 million in cash and shares for his tenement. gv , but there could be if jwd has a residual royalty on the ore. gwr released an announcement to say that gv (apparently/implied couldn't make a $5mill payment) payments would be deferred untill next year....it seems gv are not the cashed up entity they would like you to believe. 'unforeseen circumstances' , but we all know there's more to it than that, among other things, it conveniently stretches out the time for which gv 's $10mill improbable investment defies gravity. gv to assist mining and toll treatmentgv have the option in place... but clz can get around this by saying that they need to get the plant going as a back up plan, and meanwhile they could use it to treat the ore stockpile and alluvials which are not included in the gv deal.why they did not cancel the gv deal at the end of the due dilligence time because that deal appeared gv and started talking about assembling the gecco most of us assumed the gv deal was off the table, or just a diversionary tactic from the start...once again, as i say with all speculative comments, if they dont completely inform us we are entitled to speculate, and if we get it wrong then frook them, they are the masters of our confusion.
Expand
I bought into GWR last year,without realising there was once the Doutch connection to it. I wanted out of it once I found out...price kept heading south though.lol. I think that GV deal on paper is alright for GWR though. Big difference over 10yrs than initially intended
(20min delay)