1. they have spent well over a year performing due diligence on various resource projects with the intention of acquiring an appropriate project at an appropriate time. this has been under the guidance of Cygnet, who are pretty well versed in turning failed companies into winners, and capitalising off the process (have a look at PES for an example). 2. they own Lowell Capital, a small managed fund ($10million odd) heavily involved in resource investments
somehow, i am led to believe that these two aspects are eventually meant to compliment one another.
look at the company as an opportunity in waiting. i imagine that recent director activity and the upturn in global markets and commodity prices suggests that perhaps the time is nigh.
FUT Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held