Don't know why I came across this Roy sold some land for $2m cash & 2 lots of 1million shares in GIR - 1 mill escrowed for 6 mths & 1 mill escrowed for 12 mths - settlement date was 22nd Oct 2008
So that means they can cash out at approx $2.5m atm
Am i right - whats mgt position on these shares ? Could be used for drilling on the U assets ?? Westaussie believes the Roy U assets are very good from previous posts
Does anyone think - Roy will spin out the U assets ?? What would this mean for existing shareholders ? on such a spin out ?
Roy is actually taking shape - surprise surprise !!
DYOR
MFE Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
