AMD 0.00% 0.3¢ arrow minerals ltd

Ann: Segue and MMG Limited Enter Into Plumridge Nickel JV, page-63

  1. 30 Posts.
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    SEG can now boil the kettle for a while and enjoy the down time..No company speculates in a joint venture to the tune of millions without some knowledge of just what may be the return....in this case based on some yet to be disclosed drilling results..."Cashless" Segue needs a bed partner and not to dilute the share registry any further through another -future -raising, that given the last, would not have funded the needed capital to continue operations.....So yes ..be patient ..as any new drilling will not happen quickly and given the size of the tenement(s) some well considered targets need to be fully identified..let alone field access with new rigs and manpower from MMG.....In the boardroom and finance meetings prior to the announcement ..."30% of something is better than owning 100% of nothing"
    Cheers.
 
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