MFE magnetite mines limited

lynx2 jv and wmt link.

  1. 4,672 Posts.
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    Has anyone picked up yet on the fact that WMT announced a US JV with the Lynx Group back in Oct-06 when they were sub-10c? More clarity on WMT's deal was released to the market on 21-Feb-07 when they announced the Glade project in Colorado alongside the Lynx1 group.

    The Lunx 1 principles are Jim Black and John Downan.

    Now...go and check ROY's announcement again this week. You will see that the Lynx2 principles are also Jim Black & Jim Downan.

    ROY are dealing with the same people who have delieverd a single project to WMT except ROY - according to the ASX release - have an "exclusive arrangement" for all of Lynx's projects over the term of the option period (being the next 6 months).

    I don't think the market understands yet the link here.
    Coop
 
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