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I dont think there was anything friendly about the take over at...

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Gold Bunny

279 Posts.

13

25/11/21

16:17

Post #: 57856645
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Originally posted by griff666: ↑

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 .

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I dont think there was anything friendly about the take over at all. And perhaps the takeover party and its iron fist had some significant impact on the company becoming the shambles that it has. Who knows?

PRX Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
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