"flow rates in Insheim and Landau will be enhanced by additional drillings, so 100l/s is the minimum we can expect"
A few weeks ago, the managing director of the operating company Geox Tsoulakis said that it was still completely open whether the third well would be drilled in Landau. Without the third well, Landau will not run properly and will certainly not deliver 100 l/s.
"Insheim is now owned by Vulcan (no permits needed here anymore)"
That's wrong, a third well needs a new permit but this has not even been applied for yet.
These are the facts, maybe that's why the share price is falling.
Demonstration Plant in Landau (March 2022), page-151
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Last
$4.21 |
Change
-0.110(2.55%) |
Mkt cap ! $792.2M | |||
| Open | High | Low | Value | Volume |
| $4.44 | $4.45 | $4.12 | $1.548M | 366.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $4.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.24 | 5000 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| VUL (ASX) Chart |