re: Ann: Convertible Note Redemption Date Ext...
Bungy,
Suspect the Korean consortium will pull out of this deal at the end of this final 3rd year of the JV.
Reading in the Quarterly the drilling results were obviously very dissapointing - Red Banks sounds like bugger all anomalism and the MacDonnell Crk drilling has effectivly closed off the potential extension of the mineralisation there.
And Knowing all the other irons Sagey has in the fire, I suspect CXU would be WELL down on his priority list unfortunately.
Don't want to seem too negative, but that drilling really needed to come back with some good numbers to keep the Koreans interested and funding the exploration further.
CXU Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held
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