rights issue, page-2

Scrag, We meet again. We must use the same broker as it seems we follow the same stocks?

I saw this announcement too and cringed initially. What is it at the moment? seems every second company is shaking the Tin.

If I were you I would give this one some serious thought.

My own research shows that they own the other half of AGO's Pardoo iron project. Although SEG have claimed it to be a nickel project. I wouldnt be surprised if they re-evaluate this project as an iron play after the exploration they are planning. It makes sense, as the pilbara is littered with Iron and based on what AGO has proved up I wouldnt be at all surprised if the resource continues into the SEG land holding.

If this proves to be the case this thing will fly as it has a nice tight structure and there seems to be alot of focus on the second tier iron producers (FMG, AGO and MGX) following the chinese trying to reject the current IO contract price.

I see a bright future for these second liners, and am hoping SEG can join that group! They certainly have the right real estate