..13 Jan 2009 16:30
This gives a better understanding of the projects.. Any views ???
http://www.dwykadiamonds.com/doc/pdf-DWYPPT.pdf
Swazi Gold earn in agreemnet
"Subsequently, in response to the catastrophic downturn in the global financial markets and other pertinent factors, the deadline for completion of the current Project phase was further extended to 28 February 2009. As at 30 September 2008, Dwyka had spent US$728,273 under the current phase of the Agreement. It now has approximately 4 months in which to spend a further US$21,727, bringing the total expenditure to the required level of US$750,000 and enabling Dwyka (through its wholly-owned subsidiary Karrinyup Holdings Limited), to increase its interest in Swazi Gold Ventures (Pty) Ltd, the holder of a 90% interest in the Project company, from 50% to 70%. "