Agreed,
I'm appalled. Just to be able to hold onto Turner River exploration licences until things pick up again they need to be actively engaging in some forms of work there, and risk that by diluting their funds into another blue sky project. They got into all sorts of trouble in Argentina even exiting the projects that just about sent the company broke due to exit costs. South Africa has been a total disaster for mining companies over the past decade due to the BEE scheme, corruption and serious violence/strikes at mine sites etc. It's a place you only play if you know that area intimately, I'll wager DEG don't have a clue.
Ann: Option Agreement for Majority Interest in Diamonds Project, page-3
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