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I do not think that there can be a 'bad' farm out deal here.
Its a large resource. We dont want to be going down the road of cash raising and drilling individual wells, yes the prize could be huge but it would crush the life out of the share price. Enough of that already. Farm out means less reward but more supportive of the share price in the short and medium term. Should get a little cash and some carry. That's all I want.
HRZ farm out will be on even better terms as more work has been done to prove the concept.
Yukon discovery is a smaller prize in total but one we can tackle on our own or in partnership without damaging the share price and have a good change of seeing some amazing returns.
Any one of these would be company changing on their own
Jiddy, I really hope you're right, and that it isnt a case of 'the best of a bad bunch'! (Meaning none of the bids were what we really had hoped for but if we didn't take one it could have spelt more CR's).
Again, not trying to be a negative Nelly, but after so many possible positives you start airing on the side of caution.
Totally agree Jiddy,
I think many on here will be surprised when the deal is announced.
BB32
Please don't forget, that the prospective Farminee WANTS our Resource.
They submitted a bid amongst many, which was the most attractive to 88E. With that in mind, by definition, the package offered must be at least GOOD if not EXCELLENT.
I am reading between the lines here, but surely it is just common sense!
GLTA genuine holders.
Nice to see a bit of positivity returning to the share price this week.
As you say, the completion of the FO is upon us. Only thing I'd say - regarding the comment 'Obviously the potential Farmee sees the real value' - until we know the details of any agreed FO their valuation may not be to our liking. All depends on the terms.
Confident, but trying not to count my chickens (or barrels) just yet.
Des, Not a leaky ship - just the start of FOMOFO - well advertised Farm out scheduled in June . If leaky I think number of shares sold would be well over 100million by now.
Let's be real here the potential is so great the SP should have been much higher than this, but the expectation of the 'gamblers' didn't like not immediately succeeding with Ice1 , Ice2 and Winx
Obviously the potential Farmee sees the real value, won't have long to wait.
GLA
BB32
14.26 - Don't know why you think its a leaky ship D45. The last official announcement quoted DW as saying:
"Final decision on approval for the conventional farm-out is now scheduled for June 2019 and we remain optimistic of a favourable outcome for our shareholders in the very near term."
We're now in June, so no leaks needed to work out that a farmout announcement could be with us anytime very soon. People just starting to realise that, hence some increased buying and rising price.
Leaky ship here people loading up for farm out
Damm I said lunchtime lol suppose it could be an executive lunch lol GLA
Oh well I’ll lose internet about to set sail out to rig I’ll be opening this tomorrow with baited breathGLA
Won’t be this cheap for long
Don't cross everything it can lead to blood clots
Nice to see you are still here Livin! Whatever happened to Smokin Joe?
Not long to wait now Livin.
Keep everything crossed!
Ha Ha Jiddy you're probably right!
1.03 paid!
Ticking up!
That's old age love!
A good couple of days Reaper, long may it continue! Can feel the FO in my bones lol.
Hi livin :-) VGLA
:-)