re: Ann: Revised terms agreed with ENAMCO for... It wouldn't be like Afwerki to blow up this company. He has given them an exit, and they're going to take it. The Chinese are terrible geologists and explorers, and so they need Westerners to do the VTEM/mapping/modeling/assays/etc.
They have the best of both worlds, where Western money takes all the risk on the resource, and Chinese money can come and exploit it, cheaply. Why break it? Why not have CHN blow more cash on another project, and then force them to sell it AGAIN to the Chinese for peanuts?
:D
Ann: Revised terms agreed with ENAMCO for sale of, page-25
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$1.36 |
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