The announcement on Friday states that ATN are entitled to 50% of the profits from the processing plant. Is this a mistake as all other documentation released state that ATN are only entitled to 25%??
"Ashburton says these results do confirm the presence of a near-surface gold-bearing structure, and this augurs well for tenement holder PT Eka Samudra Nusantara, which has an agreement with the artisanal miners to process their ore through a non-mercury gravity plant.
Under its heads of agreement with PT Eka, Ashburton is entitled to 50pc of PT Eka's profits from this operation".
PS Very strange that Tom and the guys would release such a negative announcement when they've only drilled three holes. The directors have over 220 Million shares why trash the company after only drilling 3 holes.......
I'm def not selling my shares after only 3 drill holes in an active gold mine, more of the story to come...
Good luck all
ATN Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
