re: this is very very fishy and dumb!! Let me see if I've got this right.
Reefton has spent tens of thousands of shareholders dollars on radiometrics, drilling, sampling etc in search of a resource for which they do not hold the rights to exploit.
Not only that, they were dumb enough to tell everyone what they think they have found before they had fully secured said rights!!!
The announcement makes it pretty clear that their current leases will probably be renewed (as long as they have complied with the terms and conditions
of the Licences and the Minerals Act (Namibia), 1992) but that carries no weight at all in relation to their application for the Nuclear Fuels inclusion.
Please correct me if I have misunderstood the situation but if my understanding is correct then this is one of the dumbest things I have ever seen.
Cheers
Badfish
Don't hold, never have, probably never will!
RTM
reefton mining nl
