HRZ 2.38% 4.1¢ horizon minerals limited

FML Brilliant Ann, page-10

  1. 897 Posts.
    lightbulb Created with Sketch. 94
    Hi Jard77-thank you.
    I did actually read that Donaldf's post but somehow can't reconcile it with the fact that
    no legal contracts have yet been signed hence surely the deal must be
    open for either party still to walk away and the $300k(from memory)deposit
    returned if appropriate.I seem to recall a prev.announcement covering that very point !
    JP says ongoing discussions include the "structure of the deal" which to my mind
    contradicts the statement that the commercial terms and timings are already "set" !
    The uncertain issue concerning the tenements I can understand.
    Footnote: something is surely amiss with our low share price-basically gone mostly
    backwards in past couple of years whilst gold price has rocketed.Are we ignoring
    a message from the market ?
    NB-by providing latest Coolgardie Gold Project drilling results the FML directors
    could alternatively be trying to make the project so attractive to us that we ourselves
    take on board responsibility for "some risks in regard to the tenements "issues".
    My own guess is FML now feel they have "potentially" sold out much too cheaply.
 
watchlist Created with Sketch. Add HRZ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.