There is something not quite right with this deal. Selling an asset between friends that is making money for nothing. ???. My understanding is that the gold is drying up. If it is making money why are we raising money. Use the profits and reinvest What I don`t understand why sell an asset in some of the hottest ground without drilling one hole. Why not find a partner and free carry it.
We are raising money to explore unknown territory Tanami.
When I questioned management on these matters and others got fobbed off and told to sell my shares. I was attempting to get clarification. They are very arrogant
Again if this deal is so good why has the SP fallen and is very weak. IMO the market agrees with me.
This is a P&D company.
ERO Price at posting:
0.3¢ Sentiment: None Disclosure: Held