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Re:hoov... amalgamation

Spider Resources

over 14 years ago

in response to hoov's message

Hoov maybe my memory is poor but my interpretation was a feasibility study would count towards the earn in just like more drilling or other acceptable expenses. I think the JV partners suggested a scoping study if my memory is correct.

On the split issue I can't see less than 10:1. But I think they want the share price to move higher in the short term to fend off another low takeover bid. Any talk of a split could be counter productive in the short term.

I fully expect more news in the coming weeks that may include a new partner. Better to wait a week or two and see how this plays out before they set concrete plans moving forward.

Just my opinion but I expect to see an announcement to resume drilling almost immediately.

My opinion