Anyone else happen to catch the wording in the annual report released 24/10/06?
"We believe that the Roseby Project will benefit from an increase in resources and reserves which may be generated both internally (“Exploration Success”) and externally (“Mergers and Acquisitions”). The Company is actively evaluating a number of potential opportunities within the Eastern Fold Belt."
Hmmm, This might just be my suspicious self, but I remember saying way back when the BFS was released that it seemed a ploy to ensure that the BFS appeared strong enough to source financing, but not attractive enough to warrent a takeover bid by one of the big boys.
From the whispers that I've heard around the traps, Financing has pretty much all been sorted except for dotting a few i's and crossing the t's.
If this is the case, those resource upgrades will have the effect of placing a very large bottle rocket up the right end of the SP.
My personal feeling is that the recent increase is pure speculation but the coming 1 to 2 months should be a very interesting period. I just need Mundo to hurry up and float so I can get some more $ in URL.
Anyone else happen to catch the wording in the annual report...
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