Hey C, When GIR was acquired by Atlas Iron, shareholders got a...

Hey C,
When GIR was acquired by Atlas Iron, shareholders got a small cash payment, plus script in Atlas iron (which holders could then keep holding, or sell). I sold about 50% before the final deal with through, then the rest after.

I am fairly confident that management plan to do the same, assuming they are able to get similar exploration success. As a minimum, they will keep finding good projects and bring in J/V partners, or sell of assets to fund more drilling etc.

There are many, many explorers on the ASX, no doubt about it, you have lots to choose from, but as I mentioned, after losing so much on wanabee hopefuls, all I hold now is proven management. But... everyones risk tolerance is different.

Agree about the Lithium potential.