Ann: Second Black Warrior Cargo Sold, page-4

Looks like it. Probably managing cashflow given the shipment was pushed back to late Feb. Mildly negative announcement but not material as the main game is next year.

Either way, come Jan when the market sees the step change in revenue via the 4C plus works out that by mid next year, trial pricing will be over, they will see a very very attractive producer.

The new top 20 also shows a tight register with a range of funds and corporates on the register. They have worked this out too.

Golden Energy at almost 23% of SOI could also lead to a takeover - hopefully not too soon as I see this multiples higher than the present SP