NAE 12.5% 0.5¢ new age exploration limited

Strategic Minerals to Acquire Balance of Redmoor, page-3

  1. 3,482 Posts.
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    Inevitable outcome, can’t see our major holder rejecting either as they appear to have no interest in Redmoor given they have not participated in any recent CR’s.

    New project/s is the only reason these new guys are here, they’re just taking their time to confirm it’s the primary reason imo.

    $5m shows they want out at whatever price allows them reasonable time to find and purchase a new project and avoid diluting themselves and recent CR participants further in the ST-MT. Disappointing to basically only recoup cost but that’s how it goes in the specs sometimes.

    Lets see if their project hunting skills are better than their sale price negotiation skills.

 
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