RE: Actual calculated market cap1 Feb 2024 21:33
Precisely Ghia. I think it was Neil who put an article up on this board last night and there was a paragraph in that article which explained that there might be an option for this to be sold to a big player if the price is right. I personally think Lorna should rubber stamp this, maybe go back to the first drill site and complete that properly and then sell the asset and the rig to one of the big boys. I am sure Noble will do the same as all part of the same licence area. Getting hold of a rig in Tanzania is not easy and Lorna knows that. I think the Americans or Chinese will move within weeks / months. It won't take Lorna that long to go back to the first hole after a small raise. It will be to our advantage as it will only add value to the eventual sale price imo. To be honest, we already know the first hole is pretty good, albeit not as good as the second hole which is off the charts imo. Exciting times indeed as nobody is going to want to get their helium from Russia in a hurry. AIMO.