After the Australian Explorer Lindian Resources necessarily his board had to reshuffle last year and Tony Cunningham bravely took over the scepter of the CEO's, are already initiated by the corporate action now recognizable contours of a new development.
Capital measure was necessitated by the merger of Lindian Resources and Bundock Resources Ltd. Bundock Res LTD is an explorer, who was not yet listed on the ASX. Bundock Resources brings very promising and has already developed and Copperproperties with gold in the Philippines, as well as an experienced and successful management, it was with other companies on the ASX gelisteteten quite successful and is.
Existing Properties of Lindian Resources must now be reconsidered in the development strategy, the Property in Bafwasende (DRC) in a JV is passed with BRC, in turn cooperate with Rio Tinto. The hopes to find there Kimberlites has so far not bestÃĪtigt.Das area too large, even to watch for alluvial diamonds.
The property in Dinguaraye (Guinea) is high interest and huge, it will be good there, nickel, platinum and cobalt deposits suspected. The current, initial drilling has also confirmed that, but commercial production is still very questionable. One would then explore further and in this vast area would mean that millions and millions of us but pay for exploration costs before you could see results. That would surpass without a doubt the capabilities of existing capital resources Lindian far.
here would be for the future with a possible cooperation with a offer "great".
It shows very clearly that the size of an exploratory Property also to capital possibilities of Explorers to fit. One factor that is often overlooked by both management and their investors.
that sense, was now a liability by a need and a very brave new beginning.
In the past, the shares of Lindi were always very markteng, ie they were not too many in circulation. LIN shareholders holding large quantities, which can be derived mathematically from the shareholder structure well. We expect that out quickly after the merger a "tight market" to a positive development is. This reflects the confidence of the shareholders but to the very different management.
limit investors tell participants that they have changed not only their existing options early, but also to the additional corporate action.
0 comments:
Post a Comment