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Ann: Strategic Gold Acquisition in Highly Prospective Region, page-6

  1. 4,792 Posts.
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    They have been throwing options around like confetti for some time now. This will probably lead to a consolidation down the track but not this year IMO.

    Cash position looking better for now $250,000 non-refundable payment received from RED for an exclusive option on the station. Selling the homestead to RED should bring in upwards of $2m in a few month time.

    The gold acquisition sounds decent and the ex-executive team from Gold Road are good value and should add some much need expertise.
 
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