My punt is that with Jingamia now ramping up production, that there would be no need
to fundraise in the short term.
With the current SP where it is, (highly undervalued), plus the growing interest and activity in the Perth Basin, I wouldn't be surprised if the vultures weren't circling to acquire some assets on the cheap if drilling Xanadu is delayed for any extended period. KPMG could be useful in fending off some of this unwanted courting, (distraction), while we are awaiting approval of the 3D seismic for Xanadu. It also goes without saying that KPMG would also be a valuable resource, if we required advice on any M&A discussions. Moreover, it wouldn't hurt if they could also find a way to have our valuable assets recognised in the SP.
IMOO DYOR
NWE Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held