Without knowing the details, it would not be wise to comment. It could be beneficial, or it could be not beneficial.
That said though, I am generally not a fan of farm-outs/potential jv (this would a farm-out as it is about AUR's tenement, not another company's tenements that AUR would be farming-in) where the holder of the tenement has not exhausted all avenues of revenue raising - ie back to the wall. Look how Talisman has imprisoned itself by letting SFR come in! It's in a straight-jacket now. SFR runs the show! TLM has to tag along, like a faithful dog unloved by its master but having to fork out money.
If this is a farm-out of Doolgunna though, then I will be most upset.
The juxtaposition of the 2 announcements has me thinking that the 2 female directors voted in favour of the farm-out, and that Rob Martin didn't. The spill motion does not affect him.
AUR Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
