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26.4% 5.3¢ greenwing resources ltd

trading halt & capital raising, page-46

  1. seaemay
    7,435 Posts.
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    12/04/11
    10:06
    Post #: 8251560
    I just copied the following paragraph from VMS's recent Half Yearly Accounts announcement.

    "Venture has earned 70% from Bass Metals Ltd on the iron, tin and tungsten rights on EL31/2003 & EL36/2003. Bass
    Metals has elected to maintain its 30% stake by contributing to the next exploration programme."

    I haven't a clue what the cost of this would be but perhaps a small placement to European investors would cover it in the short term.
    BSM Price at posting: 39.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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