somewhere watso read that idg paid us$300,000 for the relevant data for the us stuff (but that could have been for only the data, and nothing else)
watso also found the following,
09/2/2009
Indago Resources Ltd has initiated a widespread review of the business. The company stated that this assessment will see the spotlight focus on costs, in particular the rate of cash burn and administrative overheads. The review will also entail an in-depth assessment of each Indago asset with a view to determining operational priorities and whether any of the company’s project should be disposed of and, if so, how. The Indago board will proceed with plans to sell three of the Company’s projects – the Snowbird Project in Canada, the Mid Continent Nickel Project in the US and the West Georgetown Base Metals Project in Queensland. The company stated that the market will be advised immediately a transaction is completed. Indago’s director Peter Pynes said the review was aimed at improving returns for all shareholders. He said: “This is a deck-clearing exercise that will provide the platform for Indago’s future direction and growth. The approach and the decisions that are taken will reflect the fact that the number one factor driving this Company will be shareholder return. The review will underpin the highly disciplined approach that will govern Indago’s strategy. It will also show that the new board is about being pro-active and adding value for shareholders while maintaining firm control of costs.” ..........
notice the date 9/2/2009
LUM Price at posting:
2.3¢ Sentiment: None Disclosure: Held
