Hi Mulgo,I agree with all you said & I believe it is a positive that they are out of Eritria where they had previously made their money on a gold play they sold to the Chinese.
I believe they are mainly an exploration play due to the other asset they have been buying since Eritrea deal.
I hope the buyback has been done to encourage Coventry holders who received 46 mio chalice shares and gave anyone the chance to get out!!!
I believe it may have been a bit too well received & and hence the current holt as they are hopefully preserving cash in these times of caution in the gold stocks.
The Canadian property is looking promising and so long as Tim Goyder is holding 41 mio shares I am happy to hold.
Hi Mulgo,I agree with all you said & I believe it is a positive...
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