I note the new BML co we're subscribing $15m to. Has 276k oz...

I note the new BML co we're subscribing $15m to. Has 276k oz currently in its resources.

at 30% interest the total value is $50m. thats $181/oz. Meanwhile saracen has bid today for bligh resources at 38m for whole company. Has 250k oz of measured and indicatrd and inferred of 410k oz. Total 660k oz.

their crushing etc. Biz might fit with being preferred supplier to a mine that goes up but surely at this small a resource and years from production this does not make sense at all.

probably why we're at 1.4c now.

would the directors ever explain their rationale for what appears to make no sense of a decision?