But this time SOLG's valuation is finally supported by the fundamentals and with much more news to come including monetisation speculation (bid fever).
It'll certainly put those feckers LTG back in their box (especially considering it's wet gas). Now both Morrison and Gunner will be bullish in their plans for the NT-Beetaloo investment plans. It's another endorsement with the political risk again heading downwards
'I think I'll go with the fact they had a hand held XFR to carry out spot checks of the grade and have called in six rigs.'
From 'arsenic' on Hotcopper. Seems feasible. What other physical evidence can SOLG possess to base their decision to call for a hefty ramping up in the number of rigs at Porvenir
ITG - It's a positive but I'm not savvy in this area so I'll await those who do understand to fully appreciate the gravity of today's news. Suffice to say, it's not negative and we it's an up-tick for the Beetaloo play and that's a good thing for FOG
CD - Exactly. It could come at any time. Yes, it may not come at all but those selling don't know that and the possibility of an offer will help to minimise any degree of selling