The last extension was not a standard "rollover" of one week. The target date was set at the 14th Nov. I have the feeling we might find out what the acquisition is this week. The fact that it has taken several weeks to tie up the loose ends since the price spike indicated "something was happening", suggests to me that the transaction is not a straightforward one, and they have been working hard to get a deal that is compelling
With more than $11 million in kitty, EUC is pretty well placed to hit the ground running. Some cash may be involved in the deal, but most moves of this kind do not offer the scope or scale that are on offer here.
There have been so many old gold mining sites getting a new lease of life over recent times, you might wonder how many more are out there. But the time they have taken to settle on one suggests there are still opportunities. That's assuming it is a gold project in WA......
Well, not long to wait now. They might even surprise with an announcement today ! But our wait should be over by tomorrow.
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