quarterly Activities Report announced to the market on 2/1/2012 reads Baita Copper-Gold Mine During the quarter the Company has exercised its right not to proceed with the Baita Copper-Gold mine in Transylvania, West Romania. Following an extensive due diligence process and various renegotiations and extensions the Company has decided to pursue other more advanced production scenarios and expects further announcements will follow shortly. The vendor has sought to institute arbitration proceedings which the Company believes have no merit and will advise on any further developments. Damon Sweeny Company Secretary
Not one person, not a director, not a company secretary, not an administration clerk, not even the toothless old office cleaner was willing to put his/her name to these announcement. Every company I have ever seen, when notifying the ASX of an MD moving aside, or resigning, has said who would be stepping into the role temporarily, but not this company. they are a "bunch of no-hopers" ___________________________________________________________ I've told you all at least one hundred billion times - "Don't exaggerate!!!"
EDM Price at posting:
0.1¢ Sentiment: LT Sell Disclosure: Not Held