Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.
Read it all last night, all in all pretty pleased. Most stuff a reiteration of what we already know but nice to see, if it all works out the way the CEO sets it out this is due for one huge re-rate for the patient. Their new exploration permits are interesting, about time they got back to exploring. Gla
Yes you are right. $420m isthe cost is. BUT add on 10% contingency amount that they must have. Plus excess amount that must be in place before each cash call.....
The $60m is part of $500m, not extra.... Short term bridge financing is not available. Yet.... They are working on that tho. Farm in partner is very important. Should be easy to spot how good a deal we get given % we give away versus how much the farm in partner contributes.... Like I said, lots of value to add here but plenty of risk to go with it. Happy easter all.
....if we heard from the BOD that SNH had given technical approval so that all i's dotted & t's crossed & we are now at the stage of just awaiting presidential approval/signature....cos if we are not at this stage yet then eeaa not imminent at all. If we are at this stage then b***dy well tell us!
You say further funding needed. Yes but don't forget that not only is the 420m us covered by pfc, a maximum amount by way since capex and opex has come down but also at fid they get 50 m reimbursement to do what they want with. And kev made clear that short term bridge financing ...we are talking small amounts not vast...is available post eeaa
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