Well we were hoping for a TH but I didn't think this would be it, must admit when I got my etrade txt I assumed cap raising but not the case , so what are we acquiring ???
We have no money so we can't be paying cash for something , we do have other tenements that we could offload or exchange for something else but the wording of the announcement isn't suggesting that, is someone giving us something if so can't be that good , my initial thought was the land next to hold 26&27 or to the east of our tenements because that's were thete Am seem to be focussed on or excited about.
If they pick up some other tenements away from Roe Hills then that spells the end of it which would be my exit time
So, my guess is something next door which to me isn't exciting or going to do anything to the sp was their will be a cost of some sort
My hope however is that they are on yo something around 26&27 which has got them very excited and have had some big investors or miners banging on their door for a piece of the action and will stump up big $$$ that would be a great news story although is that an "acquisition" or more like a "corporate transaction" ......?
Good luck all but let's not getting to far ahead of ourselves just yet , we are due for a change of fortune though perhaps this I still he start of it and 2016 will be our time to shine
MPJ Price at posting:
0.4¢ Sentiment: None Disclosure: Held