I notice that one of the uses for funds raised in the latest placement was mentioned as:-
"Progressing acquisitions & farm-in opportunities".
Any thoughts?
I wonder if it might be to buy out Castile's current 49% in what they call the Warumpi Project which is included in Lake Mackay tenements.(Castile 49%, IGO 35.7%, Prodigy 15.3%.
Castile is a wholly owned subsidiary of Westgold Resources Ltd (WGX) and is currently in the process of being demerged from WGX and floated as a separate entity.
Could this be why we have received so little information from the Lake Mackay activities lately.
AIMO
Jim.
I notice that one of the uses for funds raised in the latest...
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