I can report directly from the horse’s mouth that the plan is firstly to secure a funding partner for Shallow, plans for which are well advanced, so news imminent. On the basis that a Shallow discovery would be a significant enabler of Rafa Deep, the plan is to drill Shallow as a priority in Q3 and only then, by the end of Q3, recommence the strategic partner selection process for Deep, going into early Q4. In other words, we get a much better Deep Deal if we can fund much of it ourselves from the Shallow revenue stream. Doing it the other way round would introduce complexity in terms of a potential agreement involving the same permit EP 428, as well as on the alignment on value. This does make sense and I assume it means the Shallow partner to be confirmed shortly is in pole position in the Deep partner bun fight, assuming Shallow is a discovery. Directly from Tom. As I said, betting the house on Shallow.
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buru energy limited
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Ann: Rafael Resource Update and Regional Exploration Potential, page-14
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Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $17.92M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.3¢ | $123.3K | 5.314M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2351999 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 194000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 2351999 | 0.022 |
7 | 545409 | 0.021 |
5 | 825044 | 0.020 |
1 | 100000 | 0.019 |
2 | 27806 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 242336 | 1 |
0.024 | 348440 | 3 |
0.025 | 400000 | 1 |
0.026 | 320000 | 2 |
0.027 | 151885 | 3 |
Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
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