Guys,
I thought I should post this snippet from there latest annual report (page 8) to put ourselves at ease regarding announcements;
The transaction is subject to GSF completing full technical and financial due diligence and all shareholder and regulatory approvals.
GSF will pay a non-refundable deposit of US$200,000 to LRC as part of the transaction. GSF has until 31 January 2008 in which to complete its due diligence and obtain the necessary shareholder and regulatory approvals required to complete the transaction.
Finals terms of the acquisition are to be documented under a formal sale and purchase agreement which is expected to be completed within the next four weeks.
The annual report was uploaded on 31 Oct 2007.
P.S. I've been buying since Monday but missed out today because of lunch (doh!!); My 7.8c bid is still in the queue; I'll try again tomorrow and if successful my assets in this stock amount to ~45%.
Cheers, Evan
Guys,I thought I should post this snippet from there latest...
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