Re: Arudra17/Ankheroo
in response to
by
posted on
Feb 24, 2008 05:42AM
The company whose shareholders were better than its management
"The fact that PA is even considering setting up mining in "other jurisdictions" (not to be disclosed) suggests to me that he is considering selling the entire co and not spinning out FDN. Otherwise, he would have a lifetime of exploration in the surrounding area and have no need to be looking elsewhere. Certainly not conclusive though."
I've been thinking about this...and cannot believe that Patrick expected this question, nor gave any specific answer as to where...I think it caught him off guard, and his true passion is the ARU property, as he has said to many of us in the past. 15 years or so of exploration ahead. Why, after putting so much effort into the poltical situation, move elsewhere?
I say FDN will sell when the draft mining laws/ARU agreement is first made public, first of many competing bids, selling price $25-$50, spin off the balance of property and $60 mm cash, all bets off if they hit the western faulted zone. Drill away boys!
safeharbour