re: tenement sale reaps cool $6 m GDN has sold is non-JV interests in the promising Leonora field for $6m to Canadian miner, Easton.
The market obviously likes it - up 23% - and I guess it provides plenty of exploration cash for a low cap miner with several other very promising drill targets. But Leonora could prove a very rich prize.
Hard to evaluate the pros and cons of his one IMO until further details emerge. It certainly leaves GDN cashed up to the eyes but to what uses will all that money be put? And where will the SP go from here? Is today's burst a flash in the pan?
Any comments out there?
R/Gupper
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