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0.3¢ victory mines limited

You're right - definitely jumping the gun.. but it's weird they...

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ura_bull

4,048 Posts.

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07/02/19

17:34

Post #: 37367083
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Originally posted by stereopsis ↑

Originally posted by ura_bull
Call me crazy but this sounds like AUZ might be looking to buy out VIC or at least buy Husky... no?
I don't think we can really deduce that from this graphic. The tenement was originally optioned to AUZ.

"Jervois retained its right to receive the final A$4.0 million option payment from Australian Mines Ltd (ASX:AUZ) on the Flemington Project, which is to be paid to Jervois as part of the Flemington Option exercise.Notification from Australian Mines of their election under the Option Agreement has been received andcompletion is now forecast for Q4 2018. As a consequence, the US$4.5 million royalty sale to Cobalt 27 isalso now expected to close in Q4 2018."

From Jervois Mining Directors' report30 June 2018

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You're right - definitely jumping the gun.. but it's weird they just moved on the application this year with VIC having it's troubles... and now we have a new board...

VIC Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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