When did Bill Beament state Whim Creek has no potential & why is he still retaining a 20% JV interest?
The previous management completed the JV with ANX prior to his involvement so they could fully concentrate on Sulphur Springs and let ANX solely deal with Whim Creek, which they are doing very well.
I don't think Anglo or any other smart person would risk lending $20M purely on a 6% lending interest rate and then loosing all their capital shortly thereafter.
Sulphur Springs is approx 100kM form Whim Creek, with Whim Creek a known previous producer at a much lower coper price than today so how can you then right off all their adjoining exploration ground?
ANX Price at posting:
7.7¢ Sentiment: None Disclosure: Held
