Ann: MOU to Acquire Interest in Malaysian Gold Pr, page-4

re: Ann: MOU to Acquire Interest in Malaysian... hi sjb

sorry for slow reply, was suspended for 2 weeks.

that was a real out of the blue announcement, one thing of note is the due diligence period ends this friday.

why is this of note, mostly because the SP has been undoubtedly kept at 2.5c, even after a few attempts to sell down, perhaps from clowns like handonit harry and his cronies.

noted last friday at one point 30 million shares was added to the buy side at 1.7c, a very clear warning to anyone out there looking to artificially lower the SP, DONT.

so, we have the SP cruising along at 2.5c ever since 14/5/13, by the time we get to 31/5/13 if SP is still the same, the past 14 trading days would have closed at 2.5c, most unusual you would have to say???

imho, 2.5c is obviously a figure that will be used to pay for this project in shares, either at 2.5c or a certain % lower.
this push has come from Singapore investors so i dont think its too much of a stretch to say the same investors have kept SP at 2.5c

now we just need to see how many shares would be issued for this project and at what price.

problem with this is, what guarantee have we got of any gold in the tailings being recoverable, market needs far more info before we can really can have any idea of whats going on.

will say one thing, if Singapore investors have been happy to keep SP at 2.5c, perhaps in the future they can push this back to their recent buy in price of 20 million shares at 5c!!!