What you had to infer from this post was that the lack of potentially-exciting news in the near future , combined with the fact that the 2 diamond drills disappointed, has brought about the SP slump. That's understandable too imo.
But what about the possibility of some exciting corporate news to give the SP a real lift?
We are still waiting on more news of this 7 April 17 ann: RNI ...... advises that it has received competing transaction proposals from credible parties in relation to the Company and its assets......
Further news never came, so did it all fizzle out?
My view at the time was that Sandfire just had to be one of the parties involved. I'd reckon that it's still there wanting to cement a deal on Doolgunna too.
A poster on FEL titillated my positive emotions the other day by saying this: '
No, FEL has other assets and one being very impressive 20% free carry in AUR which is doing a deal with sandfire and should be worth 10m cash'.
I responded by simply asking for more information. Although that poster has posted since, he has gone quiet on this story. I wonder why he would say that! Made it up? Heard a whisper?
The query for me is that FEL has no interest in Doolgunna. It's 100% AUR. Therefore, if there were to be a deal between AUR and SFR on Doolgunna, then FEL would not be a beneficiary of that. However, and as can be seen on this AUR map (my markings), FEL would be a direct beneficiary if any of its 20%-held tenements were involved in any deal with SFR. Morcks Well would be favourite as it borders SFR in parts and AUR has said that for the next 3 to 6 months it is going to concentrate on the Cashmans Project and the Forrest Project.
AUR Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
