Drake has, in its Supplementary Bidders Statement, queried BBX’s reliance on the statement in the Independent Technical Valuation Report dated 29 September 2016 that there is a “...moderate to high likelihood that a significant gold discovery could be made via systemic ongoing exploration within the Juma East project...” BUT AT THE SAME TIME Drake increased its bid offer on 13 October 2016 to $0.046 (4.6 cents) cash.
Looks like they're in a real battle for control IMO.
BBX Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
