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Hi guys. Due to work I couldn't listen in to the meeting. Could someone provide a synopsis of the salient points please?
It was mainly to introduce the gold mining in Australia, basically, their are numerous pits that have been partially mined and left so it's a matter of just digging out the ground and sending it to the processing plant, payment is received 28 days after delivery to processing plant, very low running costs and high Australian gold prices. Production to start in Q2 as stated, Dr was pretty adement this would happen as all in frx's strict control. Permit in Togo still on going and live, gold will pay for Togo. Also looking at the possibility of more gold projects in Australia. I've probably missed a bit out but am sure others will add. Hope this helps Jim
A bit more, Dr is back in Togo next week to try and find out what the hold up is, also lots of news flow still to come from testing in Australia. Their are good grades of gold and good deposits in the ground. All very positive and fast to generate cash, which seemed to be the emphasis, their will also be clauses put in with regards to the share dealing for this venture, seems as though chaffers are in it for the long haul though so doesn't seem like that will be an issue either
Thanks guys, at least the gold situation ball is in DR's court rather than the other way around for the last year/two.
It sounds very much that way sunny, was also apologetic over the silence lately, it really does sound like things are on the up. Oil will be out of his bunker before you know it :-)
Yes, it seems the dog is finally waging the tail. DR is off to Togo this weekend for an update next week I understand so fingers crossed for another flashing dot.
Thanks bj. Ive not been able to see or message much. I try and check in from time to time. Frx is in a much better place also now. Word will get round as more news comes out, so i feel we are all in good hands. Gla.