GREY:ENGFF - Post by User
Comment by
zakmirzaon Jul 09, 2013 1:34pm
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Post# 21596762
RE:Gazania 148 Investments (PTY) Ltd is a Chinese investment firm
RE:Gazania 148 Investments (PTY) Ltd is a Chinese investment firmThe first renewal period and the second renewal period (two years each) each have a minimum exploration expenditure of US$40,000,000 and each includesa requirement to drill one exploration well to a depth based on the results of the previous wells. ( from the Windhoek Observer).
So all the soft bashers and bottom feeding trolls are here for their own selfish purposes. Chinese companies don't sign Agreements involving gov'ts without delivering. They would have serious repercussions back home, unlike the crooked Russians. I bet the $80 million earmarked for the next 4 years will be spent quickly to speed up the drilling. Look out if HRT reports positively from the current drilling and/or Moosehead. I hope ENG will be patient and announce a financing only after HRT's current drill program to maximize the return with less dilution. What's the down side if HRT doesn't at least one well? I would suggest not much from here. GLTA.
Zak.