Those some would prefer the board pay the 1 million secure the deal then get entangled with locals and access issues. Sure the vendors would be happy and so would some looking for a quick "small" rise but longer term not the way to go. Had it been run like a lifestyle company they would've done the deal this way. Now maybe the vendors convinced the bod initially the locals wouldn't be an issue and after months of talk talk were shown to be a harder nut. This way the bod is looking out for shareholders and has now tied the deal to access/drilling. This way the vendors would need to work much harder to assist in getting the deal over the line or we walk. The extension of 1 month is very short does show some confidence that we are close in my opinion. Which would investors prefer; a rise in SP with a de risked copper project or a rise with a sloppy still negotiating access project. I say wait the 20 days.
MAN Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)