The joint venture with EEA only relates to the northern part of the Haykota License area. It does not include, for example, the Yacob Dewar gold resource in the South. It is good that someone (i.e. EEA) has been financing Andiamo's activities, as Ortac's focus seems to be elsewhere. Geologists love Eritrea. The hope of finding another Bisha-sized resource keeps people interested.
They left late. The way I read it 75% will go to the other company. So the money OTC put into Andiamo will be about 5% of Eritrea. And with further dilution shocking investment. One they made to get out of kremnica.
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