InformationThis information is posted on Agorcrap. I'm pretty sure it is not public information and should not have been posted but they posted it, not me:
We re received the following reply from SMH management:
“Sardine hill is 100% closed. We are preparing an announcement which confirms the closing and the closed Mulgravian Financing.We are waiting for some correspondence from the exchange to make that release.”
We re received the following reply from SMH management:
“REXMA is currently importing equipment and we are resolving customs procedures for duty free import. They are eager to get started and we expect them to be producing on the delayed schedule.”
We re received the following reply from SMH management:
“Good Question. We need to drill these targets, with priority to Whana/ 5 Star, Masawaki and Sardine Hill (JV Money) and our flagship Marudi Mountain.
We are finished with the acquisitions. Now we proceed with drilling and development. You are welcome to bring your shovel also.
We are mobilizing a drill (with the blessings of the Locals) to Favourable Lake in early February. We see about 5000 meters in three targets - mostly silver (very nice target) Mo and REE.
Mulgravian will proceed with the the JV properties into a new listing, with the intent to commence drilling as soon as they are listed. We can not confirm when this will be but the terms of the Mulgavian JV deals require an expenditure (that we operate, focus on drilling) of 3 million US this calendar year.
We will proceed with a major drilling program at Marudi on completion of our plan of arrangement. The details of that plan will be public before our AGM Feb 15.”