Member Info for Stebol

When, not if.

Just need to continue being patient

Hi shaa

'Another one they use, they let a buy in for let’s say 33.50p, then after that there are a load of buys at 33.22p but shown in Red, to make you think there are actually a load of sells.'

Sorry, but to make who think there are a load of sells?? Not investors that's for sure. I couldn't care less what colour any of my buys are - it's totally irrelevant to the investment case here.

I've never understood the point of 'my buy showing as a sell' type posts.

Always assumed it was just traders

Whichever way you choose to slice the Havieron pie, and however much NCM pay for the additional 5%, there can be no doubt that they've got a huge asset (35/40 years? More?) for relative peanuts.

That being said, it's still preferable to be working on hole 10 with a bucket and spade, decades from production.

There is always a 'cost' to doing business with a major but there are also fantastic benefits. Had we attempted to progress Havieron without the support of NCM then we'd have been diluted to hell by now, just to keep the wheels turning.

Like many here, I'm hopeful that we get a 'fair' price. Whatever the outcome, we are in a much better place with NCM than we would have been without them.

Roll on the news.

Ditto newtofo and Origin789 comments.

I also got the sense that there is a heck of a lot going in the background - reference to pipelines, gov't and other operators were all positive for me

Morning Falconman

Karoo is separate and would not be part of any Beetaloo sale. Think it was covered in the last Q & A so you might find the detail on the Falcon web site.

I know I'm getting ahead of myself but I have a couple of questions that perhaps someone will know the answer to.

Origin / Falcon have stated possible pilot production from Amungee next year.

I assume that this would require a pipeline?

If so, would it be reasonable to assume that discussions have already been had with a third party under an NDA?

I know it's a stretch, but might that third party also be our potential buyer?

hydro - with respect, you're out of order.

Voicing an opinion based on factual information does not automatically consign people to the 'trader' bin.

Ah, we're still on the thorny, divisive issue of the 5% and what it may be worth.

Rather than arse around with MRE1, MRE2, PFS, SP, Mkt Cap, drill data, future growth, gold price, etc etc; I thought I'd take a different approach and ask myself what would BHP pay for Havieron right now if they could get it.

And I came to the conclusion that I have no idea - so I'll just wait.

It's going to be a pretty exciting couple of weeks

16%

I would imagine we'll see an RNS in the morning as there are huge implications for our acreage.

Another step closer after all this time.

I'm having one while I re-read.

tomorrow could be very interesting

'capable of flowing gas in excess of 5mmscfd per 1000 metre horizontal from mid-velkerri shale.

Actual flow rates were less but did peak higher.

Positive update

Tamboran and Santos on ASX.Com

I'm pretty sure POQ said we wouldn't farm down any more of our 22.5%
If funds are needed then they would have no problem getting them by other means.

It's easy to forget after all this time but we've have the moratorium, we've had covid related issues; no income, and yet here we are with 22.5% in what could be the perfect storm to monetise our asset.

There are no guarantee's with anything but would you really want to be out now?

Ha, I know exactly what you mean schlemiel.

I think, if anything, the intensity of the obsession is becoming more marked the closer we get to commercialisation.

My kids are definitely bored by it and I must assume my two ex-wives were as well. Fortunately, I have a willing ear in my grandson (who is 3 years old). Hopefully we'll get a decent offer before he's old enough to understand what I'm talking about.

I would take issue with 'which definitely means a future stock issue that will dilute shareholder value.'

The RNS clearly said that Falcons share for 2022 would be covered from existing funds.

Even if we were to raise additional funds at some point this doesn't necessarily mean dilution. If they raised say, $20M, but this added $80M to the final sale price then I would have no problem with it.

There's a massive difference between raising funds to keep the lights on and raising to add value

Article from 'The Australian' just tweeted by Falcon for anyone interested, which I guess is most of us!

Makes perfect smallfish, especially as they're hoping for pilot commercial production in 2023.

At this stage, Amungee appears to be the quickest route to achieving this goal

One surprise I would like tonight is MRE2, but that's probably the gin kicking in early

Newcrest shorting GGP??

Reputation in tatters
Future deals with juniors compromised
Industry pariahs

I think not