Yeah simple Doray could not satisfy Westgold Resources with a number of conditions to the sale and Westgold pulled out . What those conditions were Doray did not really go into detail about them to the press. Latitude have most probably the same set of conditions but appear happy with everything . One of the conditions is that the Doray/ Gnaweeda Mine had an agreement with Teck Australia and Teck own a percentage of Gnaweeda production and if Teck spends $7.5 Million to increase the Gnaweeda resource to over 1million ounces Teck will increase its interest in the project to 66%. Without looking it up again I am sure those figures are close. So if Teck can pay for the resource improvement we still own 34% which is not to bad. Our main Project is Andy Well so lets hope that one can also pump out a million ounces.
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Yeah simple Doray could not satisfy Westgold Resources with a...
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Open | High | Low | Value | Volume |
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6 | 559999 | 0.030 |
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Price($) | Vol. | No. |
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0.037 | 29000 | 1 |
0.038 | 1250000 | 4 |
0.039 | 20000 | 1 |
Last trade - 15.28pm 03/05/2024 (20 minute delay) ? |
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Change
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