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Member Info for MrMagic

Member Since: Mon, 13th Jun 2011

Number of Share Chat Posts (all time): 7,253
Number of Share Chat Posts (last 30 days): 97

Last Posted: Fri 20:33

Post Distribution over the last 30 days

Fri 20:33

Bit of a "nothing" output there TBH, little that was not already in the public domain.

I'm curious as to why neither the RNS nor the newsletter mentions (directly) the company "Cicero Advisory Services Pty Ltd". The Nemex RNS states this is who they have sold their IC mineral interests to. Are we to presume that we are acquiring the license rights from Cicero then? If so why not state that plainly?
Fri 11:10

I used the term "cast offs" flippantly TBH. Time will tell if those licenses cover good productive areas or not. In truth it's possible that much of the ground work might already have been done by Nemex and thus saves us a step. So could be a positive.
Fri 10:11

Whatever figure you use, DS get's at least his £100K back. Like I said, he has a good deal.
Fri 10:05

board is awash with oil, energy and resources companies!
Fri 09:49

DS is surely already up on the deal now. If no production occurs and the IC assets are sold then he gets his full investment back plus 15% of any anything above that investment amount. Depending how you interpret the term "assets" I would personally say the licenses are assets. If we've just bought licenses worth £140,000 then if we do nothing with them and just sell them on for the same amount, I calculate that DS would get his £100K back plus 15% of £40K which is £6K. So he's already £6K up on the deal and we haven't even begun any exploration ! IMO he struck a very good deal.

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