It could be that partner Kingston Minerals is a bit short on cash (last report $750k). They may be holding back on further drilling at this stage as they pursue their own (100%) projects. As major shareholders are common to SER and KSN there could be a reluctance to re-negotiate the partnership split??
They are also waiting on some work being undertaken by the SA gov.
I still think there is a very nice elephant to be found.
Bring on the drilling please
fc
Has to be a steal, page-10
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