re: Ann: Letter to Shareholders - The Move in... 3500,your...

re: Ann: Letter to Shareholders - The Move in... 3500,your longevity in SER is no greater than mine.

Given the current price of Nickle a more investigative drilling approach seems very reasonable (to me)in relation to Falcon Bridge.

http://www.westernareas.com.au/investor-centre/corporate-presentations/153-corporate-presentation-may-2014.html

Of course,SER management have a history of failed drilling programs.

Myall Creek= two out of the three holes drilled,no assays from the two holes drilled?

Cultana =found nothing,after bringing in heavier drill Rigs?

Falcon Bridge= one hole drilled previously?

Uley,drilled some holes for a $72 million IPO,now after some massive dilution,VXL need to fund more drilling for half the original IPO for phase#2.

"There is every reason to expect monetization of the other assets that the market considers worthless".

Their worthless currently due to poor management IMHO.

AR should be voted out of his technical director role,and someone capable put in his place.

Again this is a resource bank and not a resource company.

Ive no issue with spinning out as many offspring as is possible 3500,quite the contrary.
Its quite laughable our geo is comparing Cultana with aidelaide resources prospects some 120 Ks a way to Cultana,when as I have said on many occasions our nearest neigbours are kicking goals (rnu).

Your gift comment isn't entirely correct either.

By all means 3500,lets do the Graphene deal,but please dont tell me our other mineral prospects are worthless,they've been "highly managed",in a mismanaged way IMHO,the cleverness of the ksn deal is a classic case in point
.
I'm working solely from memory 3500,but I'm pretty sure their IPO prospectus ,mentioned drilling at Myall Creek,their then CEO didn't last five minutes.

Of course I do hold out some hope(not trust) that when the shares in VXL are out of escrow,that SER will sell their shares in VXL,and thus give both Myall Creek and Cultana the proper attention neccassary IMHO.


Raider



In the land of the blind,the one eyed man is King.