skypiliot, SPM is an exploration company that will do some drilling in areas where they uncovered significant rock chip samples indicating that there may be gold and copper.
As far as their vanadium goes they have advised in previous announcements that they would continue to look for a joint venture partner or perhaps selling off their vanadium interests.
Speewah Metals Pty Ltd will now hold the Titanium/Vanadium projects as a susidiary. If there is an interested party looking at aquiring the vanadium deposit this will make for an easy transition.
They are changing the name of the company to King River Copper Limited to reflect the companies current focus which is on copper and gold exploration.
What more information do you require at this stage.
I would have thought this is all self explanatory to all shareholders. Everyone knows the direction of the company if they bother to read the announcements.
SPM Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
