TSXV:HRE.H - Post by User
Comment by
PineappleTraderon Jun 30, 2014 11:34am
218 Views
Post# 22705463
RE:did you guys take note of recent news?
RE:did you guys take note of recent news?The NR is either a sign of goodwill from Kyrgyz or starting point of assets/negotiations. This wouldn't be a NR if it was not a step forward.
If you read the NR carefully, it says, Stans (aka Company) filed to do geological exploration on the field of 701 hectares, which was granted. Funds to explore this will come after the court decision through either money attained via ruling or financing on new share price around 50cents+ (depends how the ruling is, could be more).
Second was to reduce the "Kyzyluraan Field Prospecting Licence from 252.82 sq. km to 124.19 sq. km..." to "...substantially reduce the annual licencing fees paid by the company to the SGA is being considered." Reason they are still considering is that its money out of their pockets and cost-cutting for Stans. For all you know, Stans did this on purpose so that they can say, ok fine, on issue ABC Section 123 of reducing the Kyzyluraan field from 252-124 we will withdraw in exchange for xyz. (they used to be Uranium exploration company before Rare Earth happened and I bet they know where is the good stuff from previous explorations, hence why they know that field has Rare Earth).
My advise is, just be patience and collect the shares when you can. When the big NR happens later this month or next, it will run and I hope your holding your hats or ready to take a selfie with stans shares flying in the background. ;)
Cheers,
PT