Ann: Hanking Australia - Offer Update, page-3

No point hanging onto this stock anymore, deals done and paper work sent off last week.

With Westgold’s sale of the Jubilee Mill to Northern Star there’s not a hope in hell of any toll treatment agreement being reached.

Also I’ve been in contact with a few people that know more about the Mt Bundy ore body having worked on the site before PGO acquired it and they say that the ore is really refractory with Sulfide minerals being more impermeable, making it difficult for the leach solution to form a complex with the gold. This combined with the lower grade of rustlers roost and the water table issues at the underground mine are the main issues.

Bottom line, there’s plenty of other opportunities on the ASX right now that represent superior value than having your capital tied up in a company with no direction now and into the future.