RE: Shell footing the operations30 Apr 2019 15:17
You know I wouldn’t say Shell are goons, they’re one of the best in the business. But what you have to remember is that this is not nailed on, if it was Shell would of just taken out Clnr lock,stock and barrel. They’re now are involved with Clnr their 60% of the two licences is chump change but for Clnr is a lot and they’ll have to find the funds or farm down more of the licence to pay their way. The drill bit will do the talking in a good while yet though, but along the way there will be a couple of ups and downs to play with. Ultimately if Shell don’t find what they’re looking for and there’s a stronger chance of that than they will, then they knock it down as a loss and carry on regardless. It’s a different story for Clnr and it’s shareholders though as it would be disastrous. It’s the risks we take dabbling in junior exploration companies. Bought the rumour, sold the news. Now I’ll just go back to my TA and wait until I see another opportunity, profit banked.