PCL 6.25% 1.7¢ pancontinental energy nl

General Thoughts, page-1917

  1. 194 Posts.
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    Now I have to provide some balance because as excited as I am about the possible financial gain outcomes, in the event that we are both granted a licence extension and WDS agree to farm in and in turn release some wonderful 3d data sets, with massive, multiple areas of high COS drilling targets for 2024

    I am equally concerned about the following:
    • Shockingly out of date website with factually incorrect/misleading information which to me screams a lack of professionalism, and is a massive red flag (If you can't get the basics right, how on earth do you negotiate and navigate through a multi billion dollar project successfully)
    • Is WDS holding off by delaying full analysis until extension is granted?
    • The possibility that we will not be granted an extension and the Namibian government opting for a new tender on the tenement
    • The most probable outcome prior to first drill is a take over, hostile or otherwise with enough multiples to ensure success (Top 100 shareholders end up very wealthy)
    • No other projects to fall back on, this is now a 1 trick pony (I hope it's 1 hell of a trick)

    I fully appreciate this is a risk reward scenario, but this goes 2 ways, really incredibly well or it turns into a massive sh#tshow
    All in my opinion.
 
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