Spur Ventures Inc SPVEF

RE: RE: RE: News Release

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There is unlikely to be any kind of buyout at this stage since, even once the mining licences have been transferred, Spur now has only a minority interest in an undeveloped project with very little infrastructure in place.  The Chinese will certainly want to extract a further percentage of the project from Spur and with the lack of negotiating skills of current mgmt they will not need to pay for a larger percentage.  Spur definitely needs to look elsewhere if they wish to generate significant shareholder value.  Spur mgmt has indicated (Spur website) that they intend to do so, but time is slowly ticking away as any potential projects become increasingly more expensive with the rise in commodity prices.  The time to act was 2 years ago.  How much longer will they dither?  A little foresight would be in order.  You do have to wonder what it will take for current mgmt to get something done.  Either in China or elsewhere.  If progress is being made, great, but since we virtually never see any kind of meaningful update, one is left with the assumption that they are doing nothing.