"There has been strong interest received for divestment of the Company?s gold assets at Bundarra and Dodgers Well. To date three offers have been received and are being evaluated. Following divestment of the gold assets the company will concentrate on the Aztec Dome project in the East Kambalda area, where encouraging exploration results have highlighted the prospectivity for nickel sulphide mineralisation, and will also look for other opportunities for nickel exploration..."
Seems clear to me a decision HAS been made to sell the gold assets!
So, the company will be left with some cash and one early stage nickel prospect with "encouraging" exploration results.
All this at a time when we are witnessing the greatest gold bull market in our history.
A question - why have these guys spent years spruiking up the gold assets and pursuing the Celtic development only to sell now?
Not to mention the repeated failure to do a deal on Coogee.
No one's head has rolled..... extraordinary.
TMX Price at posting:
2.8¢ Sentiment: None Disclosure: Held
