How can it be bad. They acquire 80% equity in the play, don't pay a cent really for someone to pay $25 million to do the drilling etc and because of that they lose 50% of the 80% stake. In a nutshell they are basically free carried and get 40% of the play and have made $25 million dollars for nothing really. Good business to me unless I missed something.
its good, page-37
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Last
$3.46 |
Change
-0.030(0.86%) |
Mkt cap ! $2.273B | |||
| Open | High | Low | Value | Volume |
| $3.60 | $3.65 | $3.36 | $12.86M | 3.748M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18579 | $3.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.47 | 60632 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| EMR (ASX) Chart |