confidentiality agreement

I am confident that there is some truth to this article. I would say that the parties are under a confidentiality agreement whilst the due diligence and negotiations are underway. I am aware that companies can legally deny (to ASX) things when they are covered by such confidentiality agreements. They may also as part of the agreement be waiting the formal approval to drill which will act as the trigger point for the deal to be consummated and then announced. I am comfortable that something is in the wind and we will know about it soon enough. When it is announced and if it is something along the lines as suggested in the Economic Times article then this stock is headed for a major re-rating not withstanding the increase that will come along naturally when the drilling approval is made. I must say the contents of the article does not surprise me overly as this has such massive potential.

Definitely one to hold and or accumulate at current cheap levels.