joint venture 30%, page-21

Incidently, I hope there is no capital raising in AGU until at least after the fe results are out and even then not until there is a need for extra cash. Would prefer there was no unnecessary capital raising, which of course is what happened in PDY. A measly $214k upfront is nothing. With drilling being paid for by AGU, there was absolutely no need for the board of PDY to issue those unlisted options with an exercise price of 1c. If the drill results are good then money would have started to flow in from the PDYOBs. They could've waited to see what the outcome of the drilling was, but chose not to. Lets hope it doesn't happen here.

Just my opinion. Always happy to accept contrary thoughts on anything I post.