re: Ann: CHN: Option to Acquire Dragon Mining... Ok the "option" has no upside for dra point taken. I think that is totally there for CHN to raise the cash as they don't have enough at tthe moment.
Dragon could fund it's commitment in Zara yes and they didn't particulary want to get rid of it. However, it has a fairly big commitment with development and exploration already and the market wasn't giving it value. If dra was to commit to Zara there was no room in the budget for Northern Finland. Which IMO will be alot bigger than Zara. It will be the "blue sky" for the company. I have posted this many many times, using the companies own quotes and language when I refered to it.
I wouldn't be knocking the OS roadshow. When DRA is dual listed or there is JV partner agreement we will see our money at work. I agree with a previous post, this is but one of many steps looking to unlock the potential of the company and its got to be better than sitting on ones hands and doing nothing.
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$1.37 |
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