This quarterly is rubbish - if they were really interested in Middle and Hummock Islands all the reports apart from the financial model are available to download on the QLD Government web site for free. This work was done ages ago and is legally required to be disclosed.
If they want to revisit information available to the public and talk it up, good luck, they wont't be the first ones; but they could easily have done this and formed a view prior to re-listing; after all they have an inhouse geo, rather than blame former management delays as an excuse for them doing nothing. I guess they needed something to put on the prospectus.
Don't get me wrong, I believe this shell will be stuffed with a project which can be convincingly pumped and these guys will do it, but don't be surprised if Middle and Hummock are quietly abandoned.
MOO Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
