RE: What I would like to know30 Jul 2023 10:47
Ibiza: “The question i want answered is whether there is a clause or an agreed understanding that we cannot sell on the Heron field should we so desire. This agreement or lack of it could add significantly to the SP.”
My gut feeling is that something like this could have been agreed to. MB really needs to do a Q&A with investors (the company owners and his boss!) because plenty is still very vague.
As for WOS and his comments that we have sufficient cash till well into 2024… yes, maybe, as thing CURRENTLY stand. But things change.
Admittedly it was before wise old WOS came along, but MB said explicitly that we had enough cash and was raise would not be required for the foreseeable future. A matter of weeks later and there’s a big fundraise, almost entirely for II’s! So things could easily change from here and a cash raise needed.
Sadly, while WOS might apparently be more well researched than us numpties, he doesn’t seem to have the experience. And they say there is no substitute for experience.