Thanks for your post Mr Hardwood ....
interesting ... it appears that MPJ were also ' given ' their share allotment in lieu of payment ....
... the following is from the MPJ Capital Raising announcement - 23 July 2014
" In addition, the Company will issue 22,120,646 ordinary fully paid MPJ shares to Newexco Services
Pty Ltd [ACN 088 316 901] (or its nominee/s) in lieu of cash payment for geological consultancy
services provided to the Company. The issue of Shares to Newexco was previously approved by
shareholders on 16 May 2014
... Newexco were also offered their SEG shares at a discount, also in Lieu of fees ...
( which is effectively getting a massive portion of your work done without the need to stump up the cash )
" SEGUE COMPLETES PLACEMENT TO TECHNICAL CONSULTANTS " 19/09/14
" Segue Resources Limited (Segue or the Company) is pleased to announce that it has completed a placement
of 9,500,000 shares at 1.25¢ per share to the Company’s consultants, including Newexco and Omni GeoX.
The placement represents a reinvestment of fees paid by Segue to the consultants. The placement price
represents a 10.7% discount to the current market price and 5 day average closing price of 1.4¢. "
" Our key technical and marketing consultants have agreed to reinvest a portion of their fees in Segue
shares, reflecting their commitment to the Company and the Plumridge Nickel Project. Segue has built
a strong relationship with these consultants and believe that our interests are clearly aligned in
maximising the value to all shareholders. "
.... perhaps we should be investing in Newexco shares !!!
... they seem to be getting lots of slices of lots of the Nickel pie ....
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