GMR 8.33% 1.1¢ golden rim resources ltd

Ann: Trading Halt, page-8

  1. 1,964 Posts.
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    My take on Balogo is quite different from yours, Ghost. The feasibility study was shelved because it's pointless doing one until there's some prospect of starting mining. Clearly mining by ourselves is currently out of our reach, so there's no point spending what little money we have on a feasibility study. We need a joint venture partner, who would chip in to complete the study and get some skin in the game.

    So our money has quite rightly gone to finding and extending our soil blobs because sooner or later, once we get enough blobs, and once the gold price looks good enough, we'll attract buyers or investors or JV partners. And the results have been stunning! Netiana North! Kourongo!

    Tadpoles don't have fingers to cross, but I've tied a little knot in the end of my tail for luck...
 
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