Well they are still picking up projects. They picked up a Canadian project for CVY last week, and a few months ago they picked up W Afr projects for Supergene.
But what, if anything will they do for OVR?
I mean if Andrew is 'a goner' in the boards eyes despite it being higher grade and larger than other Zn projects valued by analysts at $29m, then just what are they going to pull out of the hat?
Andrew is a very respectable tonnage and grade relative to other Zn projects and to go back to exploration and produce a few low grade results on a greenfields (or low-grade brownfields project like Anyox) after another multi-million exploration campaign does not seem attractive at face value. They seem to consider high cost high risk exploration as a better way of adding value than advancing already advanced project!.
I wonder if they are working on something and if piking the SP into the ground prior will help the acquisition?
Nobody has resigned or taken a pay cut, so they must be working on an absolute pearl of an acquisition.
...Or maybe not!
But you are right. Reputations are at stake with the quality of shareholders on the register, although I am not speaking about the Paradigm clients!
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