Isnt goldfields supposed to spend $5 million in the first 12 months on the joint venture. It was signed in July last year and we are now 11 months into the joint venture and what have they done half a dozen holes. I would assume that Goldfields have made a decision to not drill any more holes as that would just excite the market and up the share price. I would also assume that the joint venture is off and Goldfields will move for a takeover prior to the joint venture expiry as the market sold down on the joint venture news so you would expect the sp to rally if it was called off.
Takeover within next 4 weeks.
Any thoughts?
Fastenyourseatbelts.
CQT Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
