re: Ann: MUX: MUX enters into binding Term Sh... Very interesting. Thanks.
In the Dec'13 Qtly issued 31/1/14 they announced they would be spending $400,000 this June quarter on drilling for Nickel and DSO haematite. The ni area ".... considered to have excellent potential....." and the DSO ".highly prospective".
Latest announcements this week include
" In addition to our return to gold..........now place zinc and copper at top of WPG's list ........." .
Has anyone spoken with Bob to find out if they still intend to spend $400k drilling for two commodities that are not on the top three list ?. If the drilling was booked in then are there penalties if not proceeded with. Only two months ago they were keen and now, does anyone know ?.
Held since the float and supported the convertible but finding it harder to fathom. In meantime the payroll spend and size of board all seem too high for where we are at.
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