Jesus...can this guy negotiate or what.
Who gets the rig contractors to stump up all $26,000,000 (AUD) of the drilling costs and yet retain all 100% of the asset.
Payment made via a royalty on success instead.
Another $20 large required, but discussions already underway with several groups.
Who knows though, if he can get the price up high enough and quickly enough, Damon may just say Pffff, and raise the money himself. Lets go it alone.
And how good does the program sound. 3 wells all in the space of 6 months starting soon after July 1.
Sounds like the good ol' days of Puravida are not far away.
Ann: Rig Contractor To Fund Drilling Costs For Multi-Well Program, page-4
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HHR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.66M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $13.78K | 1.970M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 18273353 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1879539 | 5 |
View Market Depth
| Last trade - 15.39pm 24/06/2024 (20 minute delay) ? |
| HHR (ASX) Chart |