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12.0¢ exore resources ltd

Ann: Shareholder Update - Sepeda, page-75

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SonicBlast

12,299 Posts.

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17/10/17

14:18

Post #: 27966873
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Originally posted by simon_liu88 ↑

1. please check the purchase agreement, to be honest even i think it is not fair for lu, the purchaee price is really cheap.
2. if i was lu and find the amount of lithium on my land i will try to get it back too or at least fight for a better deal.
3. please check the movement of nli after this conflict. a. they purchashed more land next to it therefore limited the potential of lu and created potential for future development. b they go for legal action first i believe it is the first and most economical strategy as they have contract in place, i am sure if the legal strategy fall over, they can still do plan B as they are well funded.
4. the conflict area is really small portion of their profolio.

so far the management is making reasonable steps. we just have to wait.

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They paid Medgolds Mining Bond ($167k) and if no lithium will try to recover as a Bond. The rest is yearly mining fees to the Govt.
They took it off Medgolds hands. No gold for Medgold.
Meanwhile Savannah is closing in on NLI.

NLI Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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