SEG Strange volumes, page-54

Hi mulac1 and iknownothing,

I was thinking about what you said about MMG only reporting every 3 months. I looked back to SEG announcement on 17th June which says MMG: "commenced a detailed Ground Moving Loop Electromagnetic (MLEM) survey....The MLEM survey is expected to be completed by mid-July 2016"

Then on 29th July in the quarterly activities report it on the MMG MLEM it states "The MLEM survey is expected to be completed in August 2016."

Then in the last quarterly activities report on  31st October: "During the quarter, Segue’s joint venture partner, MMG Exploration Pty Ltd (MMG), commenced a detailed Ground Moving Loop Electromagnetic (MLEM) survey at the Plumridge Nickel Project"

Not one mention regarding any results that were available from mid July, or end of August at the latest!!

The agreement states: ":MMG is required to spend at least $1.5 million on exploration by 31 December 2016."

I don't think MMG will be spending anymore next year or else we would have heard something, hence SEG are chasing Gold and Lithium now!!

I reckon that is why those in the know are heading for the exits!