LRL 3.85% 25.0¢ labyrinth resources limited

2011 ready to roll , page-3

  1. 6,676 Posts.
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    No one can really say. I would consider obtaining any additional leases in Mongolia a substantial coup, they're not easy to get and there is some competition.
    Discussions with a potential vendor of an interest in a large thermal coal project located in eastern Xinjiang may provide early cash flow, due diligence is well advanced and the results suggest that the project has the potential to meet the Companys investment criteria. which as far as I know is

    " The investment criteria is focused on the acquisition and development of mineral and energy projects which may be of interest to Chinese groups."(This may be about to change)

    Then of course their in discussion regarding a gold mine and there is the posibility of a reverse takeover and a listing in Hong kong.

    Oscar

 
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