Whilst they will examine each possible venture on it's merits, I feel their next venture could even be WA based, near production, but with further exploration potential. They will still have enough for a second African venture as well.
These directors really don't seem the type to feel up to dealing with (and excelling) in the Asian countries. Actually they suit Africa, but this time I think they may go with an easy going Australian "lifestyle venture" with no sovereign risk, plus a second wildcat African project.
Maybe Vector Resources in WA although they are far from production. There must be scores of possibilities. It will be interesting.
Q: Were the reasons of being 'forced' to sell out to China, fully discussed at the recent sh meeting? Or was it just that the offer was too good. From what little I know of Eritrea, the decision was the best one. At least I learnt what "selling tasker' meant - must be an African expression.
CHN Price at posting:
22.0¢ Sentiment: None Disclosure: Held