Unlike the last project acquisition announcement, which came before the full force of the global financial tsumani, and never amounted to anything ... this one looks like it will be a goer. Most critically it is in Kentor's backyard of Kyrgyzstan...and it's gold and copper, not iron ore like the last one...
Trouble is, they need to raise cash. And existing investors are bracing themselves for a placement / rights issue or whatever it ends up being...I say "bracing themeselves" because these things always happen at a discount.
I for one will participate in any such raising, if given the opportunity, because this stock is way way too cheap based on the assets, and expertise they have.
Godd luck all.
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- good announcement
Unlike the last project acquisition announcement, which came...
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