STB south boulder mines ltd

Shanghai Construction says to acquire Eritrea gold mineSHANGHAI,...

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    Shanghai Construction says to acquire Eritrea gold mine
    SHANGHAI, Dec 27 (Reuters) - A subsidiary of Shanghai Construction Group Co. Ltd. will acquire gold mining assets in Eritrea, according to a company announcement.
    Shanghai Construction will acquire a 60 percent equity stake in Zara Mining Share Co. for $80 million, the statement said, citing a framework agreement signed by the two companies.

    I still contend the Management should negotiate a JV or a takeover with a Major ,- suitably skilled in creating a Multi million /billion dollar Mining Enterprise . !

    The current CR is a dogs breakfast .

    What about the naive investors who bought into STB at $2.00+ / $3.00+/$4.00+ ,-based on the Hype from Management . Are they happy to stump up further funds @55cents,-after suffering a capital loss of 55%/70%/78%.

    Name me another stock with such "FANTASTIC POTENTIAL "as promoted by STB Directors,- that has fallen by the same percentage ?

    "Three "GLOWING" reports from the Management of STB :
    plucked from Presentations to "Investors "

    POTASH :

    “A Significant re-rating is expected as we continue to push closer to Producer Status”

    The “WORLDS” Most Strategic “Greenfields” Potash Resource

    NICKEL:

    “The most “Promising and Exciting Greenfields Nickel Project in Australia”. Terry Grammer.

    I rest My Case .
 
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