SER 11.1% 1.0¢ strategic energy resources limited

I certainly agree Tin, KSN simply ran out of cash and ability to...

  1. 1,274 Posts.
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    I certainly agree Tin,
    KSN simply ran out of cash and ability to keep up their part of the JV deal. I can't remember if the JV lapses at a certain date and it all goes back to SER if it isn't renewed, of if they have reached an earn-in level by contributing to the bulk of the drilling costs at Cultana and Myall Creek. If its the former I guess we just have to wait until the JV lapses and maybe look at another one or exploring with income from royalties etc, or if it is the latter, work out a way to fund further exploration with a JV partner that clearly has other interests as priorities. But yes, if KSN has any success drilling at Six Mile Hill, especially SM003, that might spark a lot more renewed interest in this area next to Myall Creek. I'll be watching with interest!
 
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