RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:43-101oscarwilde wrote: Wow! I'm surprised by how much you Canadians can get away with bad-mouthing respectable citizens. Even if it's true, there are plenty more greedy market manipulators salivating over Arrow, to take his place. General Counsel- good idea!
Ms. Cameron's expertise is in mergers and acquisitions.
Leigh has often stated his goal is to bring G&A levels down to where $1 is spent on G&A for every $10 on exploration and development. In order to accomplish this goal, it is likely that certain non-core assets will need to be vended to reduce/eliminate holding costs.
I would wager Ms. Cameron's hiring has alot to do with Leigh and Garret's increased involvement in $LHC, Lancaster Capital Corp (formerly Long Harbour Exploration). According to Ryan Kalt, NXE has done some work this summer to advance the 2Z Lake and Madison projects (75% NXE/25% LHC). Perhaps they've identified promising targets via geochem/geophys surveys this summer. Could NXE be preparing to vend the Eastern Athabasca properties to $LHC, receiving a whack of shares and a controlling interest in return?
If I'm right, it's a smart move. Financiers are eager to throw money at Leigh and Garrett. Why not take advantage by creating a separate entity to put the money to good use and unlock further value for NXE shareholders? Meanwhile, capital within NXE is being allocated as efficiently as possible in efforts to grow and protect the value of Arrow.