yep this deal does not provide the best value to shareholders for Mt Oxide.
why transfer your assets into a company with only $10M cash with competing exploration projects.
You simply cannot raise cash in this equity market, particularly small caps like Chalice.
OMG what are they thinking, this asset will be stuck in Chalice now with no cash, no prospects and be cheaply offloaded to another!!
surely a farm in option with exploration commitments and a reimburment of some costs to date would have been a much better option - who is running this show.....
PEM Price at posting:
18.7¢ Sentiment: Hold Disclosure: Held