So what do you mean by "Its all in the announcements"
The fact the company has a put/call option with the same people selling the project that are also on the board of EIO?
That the company raised $1.2m from shareholders (who) to do the due diligence?
That another company Blackfire Resources had the opportunity to participate in a similar project 2 years ago (maybe the same project) with the same current people involved in EIO?
Were existing shareholders able to participate in the capital raising? Did I hear "no"? Why not? Then who were they offered to at 1 cent per share with options? Oh that's right the sophisticated investors. Forget about the long suffering shareholders?
I don't understand why these professional people at TGP didn't raise the money for exploration themselves. What's $800,000 to a successful group of businessmen? One person alone can tip in all that money.
There is a saying "if an investment looks too good to be true, it probably is". Investors beware because the traders don't care.
This is a joke in my opinion.
I hope you all keep one eye opened.
;) Nic
EIO Price at posting:
40.0¢ Sentiment: Sell Disclosure: Not Held