GWR 0.00% 8.7¢ gwr group limited

Ann: Voluntary Suspension, page-2

  1. 2,239 Posts.
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    I did report at the time of the original deal that I thought TGN was getting Hatches Creek very cheap as I feel it is worth a lot more, with better tungsten grades than TGN's other projects. As GWR has paid for this recent drilling if the results are improved ,GWR should receive an even better deal.As TGN shares are not suspended at the moment, hopefully it means that the announcement is about improved Tungsten grades. Hatches Creek would be a great Asset for GWR to hold outright,but I understand managements view that TGN would mine the project quicker . I think the best deal would be some cash and some Royalty's for the tungsten mined. This extended suspension the ASX would have to make sure it is a win win for both Company's.Having some of the same directors on both Company's things need to be ethical with independent decisions made to benefit both side of shareholders. CHEERS
 
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