Hi seals - the half yearly financial covers South Cobar - $120k...

Hi seals - the half yearly financial covers South Cobar - $120k from NSW Government to help drilling Achilles 1 was awarded on Jan 17.
In theory Achilles 1 should be drilled mid year and the March quarterly should have an update.

Frankly am rather negative about SER and have reduced my exposure to them by about 40% over last 6 months investing in other shares that have gone up, whilst SER kick along the bottom.
I look forward to my remaining exposure having some upside in 2023 - assuming SER are still a going concern then.

SER should have sufficient cash to drill 2 holes - Achilles 1 and Isa North.
If neither of these holes are successful then I will right off my remaining exposure for SER.

FMG might even pick up 100% of Myall Creek for very little additional outlay if SER continue to luck out.

If one of the holes is successful, then expect a CR to keep going for another year.

Sorry if this is not what you want to hear