Ann: Youanmi Sale , page-2

What is there to say really. Its like watching a train wreck. You want to pull away....

The initial sale price of the Youanmi Gold project was $15 million when announced back in Early Feb.

The price now agreed is $5 million.
Ouch. A 2/3 drop. With $2.5 million of that not getting paid for another 4 months.
(Might I add that they state the new deal was still the best one put forward....)

Also the sale of the Wiluna Plant, I think the $50 million initially offered is going to be reduced too.
The period of due diligence has been extended for another 60 days... I suppose that is to see whether APEX will go belly up and accept any price.

I very much feel for holders.
Gold sector is viewed as toxic right now.
The contrarian in me - how I wish I had capital to buy some of the more beaten down gold stocks!!