FML 15.2% 14.0¢ focus minerals ltd

stone takeover

  1. 732 Posts.
    Is there a possibility that Mr Fromson has been brought in to negotiate a joint venture with Stone rather than acquiring all of CRE.Campbell has played down the logistics between the two prospects but driving 250 kilometers is time consuming,and stone hold about 920 square kilometers in the laverton region and have just commenced drilling with 2 rigs at their cork tree well prospect which has an established resource of 218000oz,and are waiting for state clearance to drill ben hur prospect which has a reportable resource classification of 288000oz.If you tie that in with Stone being taken over today by Superb Summit,who is a chinese company looking to diversify into gold production and exploration in Australia,with 38 million AUD set aside,we would effectively be jumping into bed with Superb Summit.Just thinking out loud,and could be talking rubbish,but maybe Focus have decided if you can't beat them then join them!
 
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