Hi prawn_man,
Thanks for your post and I agree with what you have mentioned.
Apart from what you have said and together with ongoing costs etc, in keeping the leases "alive or active" another reason why at least one spin off is very likely is because Ardea have too much on the go at present and are more likely to consolidate and concentrate in the one state.
Another good reason (only my own thoughts) in the event of a merger and more particularly in the event of a takeover (which is also more of a possibility than some might think) these promising gold tenements would enhance shareholder benefits and extract maximum value for those assets which are currently not factored in ARL's share price.
My thoughts only but I do think we will see plenty of action over the next 3 to 4 months.
Cheers & all the best with your holdings!
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