This is a bit of a nothing occurance for mine. Two global heavyweights diversifying their portfolios through an asset equity swap. That is all it is.
"New Standard will remain as operator of the GJV and revised equity percentages aside, the existing farm-in agreement remains unchanged."
- NSE holds the same share of Goldwyer - NSE is still the operator - The geology has not changed and no new information has been made available - We still have no drill rig - The farm in arrangement and therefore funding have not changed
The only way forward for us is to get a drill bit back in the ground and find out what we have. The rest is just noise.
NSE Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held
