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Ann: Drummond Basin Gold Acquisition, page-9

  1. hotcongo
    3,997 Posts.
    lightbulb Created with Sketch. 687
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    24/02/22
    13:16
    Post #: 59790707
    Wow! That diamond drill result was a shocker! Surely they were disappointed!

    I thought this acquisition was going to cost us $13m in shares, but now it looks like it has cost us $16m….the good news is that the vast majority of shares are escrowed for 24 months…

    I hope this acquisition was at super-arms length…I just can't get excited about it.

    maybe I will phone up the CEO and ask him to explain why it was such a compelling buy.

    $16m isn’t chicken feed!

    MML Price at posting: 79.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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