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Re: Ed Monton post# 352

Friday, 05/30/2003 6:50:42 PM

Friday, May 30, 2003 6:50:42 PM

Post# of 547
NEM is likely busy with its Yandal counterparties and related due dilligence, which is more important than the due dilligence in regard to MOY...

http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B285256D3600025523?OpenDocument

Completion of the MOY deal due dilligence is likely being postponed would be my guess, but VERY unlikely it will go past the 120 day deadline: i.e. JULY 22, 2003 by my math...

"It is anticipated that the sale of Ntotoroso will be completed as soon as possible and in any event within 120 days, subject to TSX approval, appropriate due diligence and other regulatory and corporate approvals."

How else can one interpret "and in any event within 120 days"... I see no wiggle room for this deal to go beyond 120 days based upon this statement...




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