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Shockingly out of date website with factually incorrect/misleading information which to me screams a lack of professionalism, and is a massive red flag (If you can't get the basics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.
PCL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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