Solid foundations. New horizons.

Free
Message: Re: No confirmation yet - cappy
2
Mar 24, 2008 07:17PM
If the well founded rumors of three weeks ago are even close, and they should be based on the last couple of news releases, Mantis should have 4-8 holes in the Tamarack JV property if they are still drilling there. If they have completed their planed maximum of holes there already, then Probe should have the drill on their Mc Faulds West property already and likely have more than one hole completed by now. Consequently, there is news to be delivered to share holders and it can arrive at any time. But as I mentioned on the NOT forum just a little while ago there seems to be a slight hang up with KWG and their Agreement made with SPW well over a year ago. KWG, according to two posters on the UC Resources Forum earlier today (March 24th) commented about calls to the UC office today stating that a Mr. Lowrey at UC is claiming KWG is almost ready to sign an Addendum to the Reorganization Agreement with SPQ of way back when they reorganized their respective responsibilities respecting their JV properties of many years and dollars of exploration over the years. KWG assigned SPQ to fund the Exploration of the Mc Faulds Lake properties as they (KWG) wanted to focus on funding and exploring the Kyle Diamond and MacFayden Diamond properties and took over management of there properties to do as they saw fit. Thwy assigned SOQ management responsibility to the Mc Faulds Lake properties to do as they saw fit. Now KWG wants and needs clarification od their earn back rights on the Mc Faulds Lake properties and are getting it, and UC Resources are saying ,based on todays reports on their Forum by posters, that the clarification is but a week or two away from being FINALLY SIGNRD by KWG and SPQ. With that FINALLY out of the way, there will be no more need to hold back on the current news stock pile!!! Old Joe PS: My expectation at any rate!
Share
New Message
Please login to post a reply