Geez, has anyone been watching KSN over the past few days? It has rocketed in price on the whif of a move into Lithium exploration. The holders/Directors are essentially the SER crew with Kingston initially being a vehicle to raise funds for exploration at Myall Creek/ Cultana without having to do a cap raising for SER at the time. They have certainly lost interest in Myall Creek and Cultana, maybe even more so after their recent drilling to the north, so that stalls/blocks any action there by SER as KSN own 50% or so in those now as part of the buy-in. But as KSN are running out of $, you wonder why they chose KSN to go after Lithium when it is a better match to SER with the graphite focus and the additional funds. Particularly as near-surface lithium work is likely to be more feasible in the near future than the very deep and very expensive to explore leases that SER is currently acquiring as Saxby. I hope there is some underlying rationale for the overall direction of this strategy. And would love to know why Saxby is a good acquisition in any way given that many small companies (SER included) would always struggle to find the funds for such deep drilling, and never be able to develop a mine in their own right.
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