Not the day we shareholders were looking forI was wondering if cancelling the IPO for Escondoro could have anything to do with a JV partnering with PLE to drill and develope the area. I don't think anyone here believes that a major gold field was ever going to be developed by PLE. So if you were a potential JV how would you look on the Escondoro idea? Might you not just want to deal with PLE and thier shareholders?
It's disapointing that they announced this temporary agreement with the locals as a news release when it really means jack in the big picture. Also the IPO news on the same day. Pretty big coincidence IMO. Maybe it's just me trying to read between the lines and figure out exactly what is going on behind the scenes. As a shareholder I sure hope a JV partnership of some form is what is really happening.
Hard to ignore what the market thinks though.
wolf