Alliance Resources where this project originally came from after the company decided to focus their effort in Uranium in S.Australia Three mile project (hope I got the project and state correct). The fact that they did not take up their entitlement does not personally mean the big holder have lost faith, far from it.
Look at the next biggest holder and you get some perspective that this entity did not get where he is by being lucky. No doubt there have been many delays along the way and still some waiting for them to crank up the mining process, their approach from day 1 has been unconventional. Their development time frame was completely different to the life cycle of an explorer and having proven that they could deliver the processing of gold from its owned and operated plant, it is getting very close to that mining status in its own right.
Good times to look forward to with a gold price having picked itself up from the floor!
ORS Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Held
