RE:RE:RE:RE:RE:RE:RE:heres a heads up for you .... isoenergyMy guess would be that both Radio and Thorburn Lk will be in the ISO portfolio. Also I bet that they will use the funds raised to drill Radio this fall/winter in order to come to a decision point; spend the additional exploration funds totallying $10M, or walk away. Probably walk away as all the best targets have already been drill tested years ago like Teevee said.
Greenday wrote: @ oscarwilde - Clarification. NXE formed Isoenergy - along with 3 other new companies - and transfered exploration and evaluation assets to them in the 6 months ended June 30, 2016 . A third party then financed Isoenergy for a 9.5% stake in the company.
The financials posted on NXE's web site do not disclose which exploration assets were transfered to Isoenergy but based on what other's have posted - it's probably the Radio option. Presumably, NXE does not want to spend $10M advancing Radio at this stage and has farmed it out to the investors in Isoenergy.