RE: AGM29 Jul 2025 13:18
Think you have summed up the situation and risks very well there SH. I do think GEX will struggle to get a raise away at a decent price, and especially without the permit. If the permit lands, then maybe, but even then, the market isn't going to be buying strongly knowing that a placing is on its way. MM might spike to catch a few out, but the majority will wait until the raise is done and all the risk has been taken out of the situation.
Remember - drilling isn't happening for at least another 2-3 months, because they have not secured any Rig contractors or ordered any long lead items.