"Should the Option not be exercised, GIB will retain the Ellendale Diamond Project 100%. This Option arrangement does provide GIB with some certainty as to its Projects position post 23 March 2023. The Company considers that whether or not the Ellendale Option is exercised, it is a win-win situation for GIB."
BDM gone into a voluntary suspension up to the 28th Feb 2023 for a major acquisition. Maybe not proceeding with the Ellendale deal??
If GIB get Ellendale back hopefully this lot will actually do some productive work on it.
Lets hope they don't going acquiring tenements from the likes of Sorrento at questionable prices.
GIB Price at posting:
6.7¢ Sentiment: None Disclosure: Held
