EXR 4.76% 10.0¢ elixir energy limited

Thanks @Bigbucks13Best birthday wishes @tui (also hope the knee...

  1. 167 Posts.
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    Thanks @Bigbucks13
    Best birthday wishes @tui (also hope the knee is improving); and@2020Mustang (hope to see you and NY at the O&G Perth next week)

    NY and his presentation to the point as usual. Nothing wasted...true Scot!!!
    Big Picture by him and Directors.
    Location, location,...
    Prospective resource; great TCFs
    Potential for successful project is very sound
    Neighbours are perfect!
    Great deal for existing EXR shareholders...cash cost a nominal $0.5m and 20m shares (with 67% escrowed).
    A Bargain and Very cheap for the $billions, prospectively available.
    I know very little about the process, however, good history everywhere nearby at location.
    Looks a great deal for the vendors too, whomever they maybe; as they will enjoy capital growth with our success.
    I have been chatting to an Industry Exec recently who mentioned that even based on old $$ of around $4per gj sold, there's around $1 Net Profit per gj likely to come out at project end. Would be great if someone like @OilGasPlanning could assess and share info?

    Cheers
    Ex


 
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