So below attached is news from 2014 if management are going to the courts again will shareholders or back costs become compensated if successful. More money in the kitty? has management delivered to shareholders? what % of raise has management put aside for the courts again? all the best
Highlights Lumwana West, Zambia• Major upgrade to the Exploration Target for Lumwana West: 1,090 to 1,560Mt at 0.45 to 0.65% copper.• Drill testing of Exploration Targets to commence in May.• Completed Phase 2 exploration spend of US$2.4M, may now acquire 90% interest in Lumwana West by paying Mwombezhi Resources Ltd shareholders US$1.1M before 31 December 2014.• Farm-out Joint Venture or Private Equity investment being considered to fund major drilling programs and a feasibility study. Argonaut board will only execute an agreement if the terms deliver value to shareholders.
ARE Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
