Face value looks like the announcement they had to have to...

Face value looks like the announcement they had to have to appease shareholders who have been waiting a long time for a resolution to the proposed acquisition and subsequent end to the suspension.

Another tenement means nothing unless they provide JORC results for what they already have. They have been poking holes in the ground for long enough and now need to focus on how they are going to bring something to the brink of production.

Announcement 5 April 2018:

"He continued, “As part of our due diligence investigations, we have also commenced a comprehensive testwork program to ascertain what products could be produced and marketed from the project and later to support a JORC-2012 compliant Mineral Resource. The testwork program, which is ongoing, will also produce sufficient quantities of products to enable samples to be sent to prospective customers."

Where are the results for Muchea and the two new Arrowsmith tenements (announcement 12 April 2018)? What have they been doing for the past two months apart from having "positive consultation with ASX"?

I would not be a happy shareholder under these circumstances.