The pieces of this puzzle appear to be fitting together 1. reclassify Tregony System as million oz resource over next twelve months but can’t drill now until end of rainy season. 2. Tighter board control from Tanami/ NST representatives 3, Friendly take over negotiated by our (but really their) Board 4. Upgrade and then restart Groundrush mill with higher grade ore blend from Tregony 5. This no doubt explains why insiders bought 30 million shares recently.
On the negative side the whole thing looks too small to interest a big player, as NST has now become, unless of course the logging and classification cock up also includes Tanami’s ground.
Honestly I want to scream when looking back over this absolute shambles of a company .
PRX Price at posting:
3.6¢ Sentiment: Sell Disclosure: Held
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