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Yes. That's what I alluded to. It's a huge positive. Means the...

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Hokusai

4,931 Posts.

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26/07/18

10:14

Post #: 34569856
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Originally posted by Chaya ↑

I am a bit confused by your direction Hok, am I missing something here ?
I would have thought that Pulchera was just going to sit idle and of zero value if it was left to MRG to pursue exploration activities and development of the tenament so as far as I am concerned this is a positive move by the BODs the give us another element to our company. Surely it's better that we focus on our big target as alluded to in the Chairmans quote below.

“Whilst we would have preferred to explore Pulchera on our own, the leverage of Apollo’s access to funding under the leadership of Ken, made the Farm-In arrangement too compelling for us to not proceed. It also reflects our recent focus on our own, more developed exploration activities, while keeping an eye to further JV opportunities as they arise.”

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Yes. That's what I alluded to. It's a huge positive.
Means the mineral sands project is about to happen and will be the main focus.

MRQ Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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