So does this mean their divesting of their majority interest in Wilcherry Hill iron ore project for $2m or is the mothballed IO project seperate? Looks on paper to be another one of the classic dud deals which will cover managements salary and some exploration for a year but then put them in a worse position than they started with, if thats at all possible.
Still cant believe I first purchased this mother of all dogs at 80c per share...
Ann: Wilcherry Project SA - Acquisition & Joint Venture,TYX-AGS.AX, page-3
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