It seems to me that if you are correct and I think you are, in the view that if FNQ can be proven up then a China company joint venture may be assured, then the Chinese are being very astute as they want to see some clear progress before becoming involved. I am taking a similar view with RAU. I would like to see some of the potential realised to restore my confidence before I reinvest.
Mind you having said the above, the announcement re the trip to China by RAU seemed to imply that things had progressed to the point that only some technical and financial issues needed to be negotiated so if that is the case it should not be dependant on any work yet to be done at FNQ. I await the result of their negotiations with interest.
Cheers SAV
Cheers SAV
BIG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
