As a WGR holder, ex-AAG which BTW are the most valuable assets in WGR according to the 'IE Report', I'm glad this MoU is NOT with a Chinese company. Chinese have a very poor record of delivering on binding AND non-binding MOUs in WA resource assets in recent times.
Samsung has much more desirable corporate reputation to protect. 30% free carried on Wingellina a big number into production. IF they pull that off + AAG assets in production looking at 3 -4 bagged here in 12 months.
Can they be trusted to pull it off?
64m dollar question.
JT
wingellina proposed transaction, page-7
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