Australia's largest stock trading and investment forum Australia's #1 stock forum

XAO

Click for more information

0.08%

8,491.5 all ordinaries

Hey @peejayherculesOne of the new appointees (Chairman) to the...

First 58 Last

Share
Profile

Follow
FullMoonFever

6,255 Posts.

2881

08/09/19

21:47

Post #: 40354782
Share

Originally posted by peejayhercules: ↑

@FullMoonFever @minoil

Said Geologist did a report back in 2013 on the proposed area, comparing the geology with Cobar.
Both seller and buyer have interests in the Cobar / Lochlan Fold Belt / Thomson Fold Belt.

MD of the seller was also MD of the preferred driller. One of the Conditions Precedent was the Buyer had to enter into a preferred drillers contract with that driller. Supposedly the "failure to meet certain Conditions Precedent" was the reason for termination.

Upon termination, two directors resigned from the buyer, and were replaced by two new directors - both from a different State, and both rather well qualified for a $2.5m MC nobody company with no cash.

Not sure what Minoil has seen ...

Expand

Hey @peejayhercules

One of the new appointees (Chairman) to the buyer just also happens to be the Commercial Executive of the seller.

Lots of coincidences?.....think not as @minoil has alluded to.

XAO Value at posting: 6,752.7
3 Upvote

0 Great analysis

Reply

Top Stories

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Tonight's US CPI data could set the tone for November. What are markets expecting?

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

There are more pages in this discussion • 2 more messages in this thread...

First 58 Last

Add XAO (ASX) to my watchlist