Production or buy out of licence?18 May 2020 17:34
Very interesting interview with GH.
To my ear at the moment, the direction of travel is into production, noting as some have already have said - he would say that even if he wanted to sell.
I think the GH and CB are in the long play though and particularly to find out just what else the Patterson has to give up. By going into production, then GGP will be able to self fund a lot of the preliminary drilling exploration without the need to go into the sort of terms (excellent as they are!) required for Hav. IF we were to sell the 30% then the call from investors for the special div would potentially put us on the back foot again and behoved to another major to help fund initial stages.
There are many ways to play this and maybe there is some middle ground yet that leaves say a 10 / 15% interest in Hav and still generates significant income to provide a div and a war chest for exploring the other licences that can be toped up as required.
Looking forward to hearing that drilling at SW is resumed - doesn't sound like it will be long now.
ATB