RE: RE: Target Acquisition.
Is this good or bad news? Some may say the company has given up and now will spend their exploration dollars elsewhere. Those who think that way certainly got a boost with this news release. The company re-iterated their position their land is outside of the land claim area.
This could cut 2 ways: they have abandoned labrador or believe a large run up is in the works. Markets turn higher and they float an offering and resume drilling in Labador all is very well. If management feels exploration in this area has come to a halt, it picks up a new property and heads south. Only as an established junior explorer with a newer business plan. The 4 million in cash get redeployed in a more exploration friendly enviroment.
I had thought that a merger of likes in this area and than a mid-or major buyer take out?
Underpowered by
2 batteries.