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28/09/22
10:27
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Originally posted by Plext:
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This announcement might suck a few in but as always very scant on details and no timeline in place just words like.. "The JV is now rapidly progressing the various workstreams to enable the drilling of the prospect. These activities include; Environmental and regulatory approvals; native title and landholder access agreements; procurement of long-lead items and contracting of the drilling rig and ancillary services." Significant money and dilution will have to take place here for another roll of the dice. What happened to MOG ? Zippppppppp ! This latest announcement could take years to get off the ground if ever.
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MOG is on hold due to tax issues.. A JV is a much better option for us we make half the revenue and retain the asset …