Will be interesting to c the effect on the SP tomorrow ?
Cant help but think the seller of 3 million yesterday wont be able to get them back at 9.7c.
$134Million cash cant be sneezed at and should generate afew more million in interest before the ATO ruling and 6.4c cap return after running costs.
With the cash now in the bank perhaps the further farmout process of SC55 will quicken?
Just need a firm rig booking( dglesson said Matt stated rig rates were substantially lower) to top this off, possibly if it is a drilling co they're trying to farmout to that would explain the hold up in not booking a rig ?
No word of new territory etc so thats another event to look forward to.
NDO Price at posting:
3.0¢ Sentiment: Hold Disclosure: Not Held
OEL Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
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