RevolutionaryThe decision to purchase the Ethiopian property is an incredible game changer--one that cannot be overstated.
A year ago Canaco was so broke it didn't have the cash keep its properties in good standing. Now it intends to invest $4 million in cash in an enitrely new district with further exploration cash demands. Where the money is going to come from is anyone's guess, but you would suspect that Sino-Tech could underwrite an equity issue if it so chose.
The important point is not just that Canaco has bought a property. It's that the company is now an AFRICAN MINING VEHICLE, rather than a Tanzanian exploratrion play. These guys are intending to create long-term shareholder value.
The awarding of 67c stock options is a red flag if ever there was one.
BUY WITH BOTH HANDS