Reasonably happy with this last gasp strategy. I would have liked a new supportive investor rather than have somewhat had to alter our focus but at the end of the day we now have some drilling funds for Mongolia (I still see this should be the main focus). I also look at our reasonably close neighbour of Xanadu who have just had an initial offer of $150M for their 38.5% portion of the Kharmagtai project by Bastion Mining. (Zijin who have the funds mount might also counter offer ???). My initial thought was that if we could add a higher grade component to our existing resource or discover additional new resource potential, it could be favourable to shareholders. (from the combined project possibility??). A lot of ifs but were still hanging in there which is good. There is hope - now lets get cracking !!!
OB1 Price at posting:
0.2¢ Sentiment: None Disclosure: Held
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