PEX 4.17% 11.5¢ peel mining limited

With the benefit of hindsight, JV or Farmins aren't always what...

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    With the benefit of hindsight, JV or Farmins aren't always what they are cracked up for. I think we are fortunate that the company owns 100% of SN & the enormity of the find, once you have a partner with considerable deeper pockets than you & you stumbly across a half descent find with potential for further discoveries in the same tenement, things do in the real world change, and your partner may think how can we maximise value to OUR shareholders & not always your partner or there shareholders. Remember the market is based on greed. I think we are lucky regarding SN, I think without the SN asset we would be at the mersey of partners. If we focus on SN, our partners will need the companies permission to develop those tenements that are JV. Only my opinion DYOR.


    Colonnade 

 
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