FYI:
Barra Resources (BAR) is currently developing the Mt. Thirsty mine in Western Australia with Conico (CNJ). Conico owns 50% of the Mt. Thirsty mine. TAS owns 12.8% of Conico. As TAS is the majority shareholder in EDE, this news is very relevant to the EDE forum.
It would appear as though Barra is in discussions with Japanese trading houses on potential financing and offtake agreements for the Mt. Thirsty mine. See following link:
http://www.argusmedia.com/news/article/?id=1644502
If this is the case, and the Japanese do come to an agreement with Barra and Conico about Mt. Thirsty, it would not surprise me in the least if TAS were to sell their 12.8% holding in Conico. This would very much bolster their cash position.
Cheers!
MB
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