Post by
SirRichard1987 on Jun 14, 2021 3:56pm
JOA Relevance - opinions?
What's this JOA potentiality? Seems to dilute Recon's holding rights. SP went up today, though.
https://finance.yahoo.com/news/namcor-reconafrica-sign-joa-partnership-040100841.html
Comment by
derpa on Jun 14, 2021 4:20pm
It doesn't dilute Recon's share. It is a formalization of what the esploration agreement into the next stage - development. A bit of confidence by Namibia into what has been already agreed. Plus most likely some further technical terms which we might not find out about. All good.