Brilliant deal for all the reasons laid out in the announcement.
We get a lump of money for the piggy bank, get to concentrate on (our soon to be larger) Victorian gold tenements while still maintaining decent exposure (and optionality) to more aggressively explored Finnish assets but with no further operational expense required.
Hopefully as mentioned, the canadian market will show more recognition and love to outback for the Finnish deal too. Its a win win really but cant help thinking we won a bit more from this deal.
So now we have even more avenues for potentially good newflow and the dreaded cash raise has been pushed at least a little bit further down the road at the same time.
not much to dislike here and a lot to like.
Thanks to Mark Bennett and the team for your ongoing efforts. We seem to have the wind in our sails now in terms of the great setup and also the encouraging gold price trend..
We just need a few decent hits to wake the market up up to s2r and should be on our way.
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- Ann: Sale of Finland Assets for C$7 Million in Cash and Shares
Ann: Sale of Finland Assets for C$7 Million in Cash and Shares, page-7
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