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Binding Letter of Intent with Kinbauri Gold Corp.(KBN)

Clavis

Apr 17, 2009 06:08AM

gemoz

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LOI with KNB

in response to

Binding Letter of Intent with Kinbauri Gold Corp.(KBN)

Clavis

posted on Apr 18, 2009 06:22AM

Yes, that 32 million was already slated before being available, it seems. Spain, no wonder it was a European Consortium.

It now places Glen Eagle in a fairly near production phase. Added to the Souart news, GER should maintain a SP over .10 (min, imo.)

The Due Diligence will probably okay the deal. I'm relatively optimistic, enough that I'll try to buy should the SP hit .12 or below.

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