We know that RIO wanted Armada as they applied for it as well. We beat them to it which can't be a bad thing. I still believe (i.e. IMO) that a spinoff of Armada with new shares going to ARV shareholders, and a merger of NewArmada with Greatlands would be a great option provided it is all negotiated and agreed beforehand. The merged entity would have no trouble raising funds because of the well advanced exploration by Greatlands and the greater resource potential added by NewArmada.
Then again, our new Chairman could very well have even better ideas and he does have access to funds and I suspect a very good network.
We don't know all the options. Patience is necessary.
Novo - Purdys Reward, page-29
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