I agree. The fact that the Owner/Manager of the EPCM tasked with upgrading the plant would prefer to take the majority of the payment in shares IMO implies a few positive things.
1) He definitely views the Adelong Gold Field as a near-term gold producer with further drilling results also to come + the mullock heaps.
2) Obviously pending the terms of payment, he probably views the SP as undervalued based on current information & prospective results due in early October.
3) His company will be directly & personally incentivized to upgrade the plant as efficiently/optimally as possible.
Interesting times for holders!
I agree. The fact that the Owner/Manager of the EPCM tasked with...
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