GRK NSE

re: Ann: Divestment of Canning Basin interest... Will not need a...

  1. sandbar
    229 Posts.
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    21/03/13
    11:14
    Post #: 11567762
    re: Ann: Divestment of Canning Basin interest... Will not need a raising for current business - geothermal funded by govt/AWE or will not go ahead...still some modest but decent petroleum assets (20% of Backreef, North Perth Basin SPA). Question is what happens to the $1.6 from sale of NSE assets? Will shareholders see any of it? Agree danger is some highly dilutive raising for some "new venture" which likely see shareholders smashed again. Consolidation required at some stage, meanwhile 0.01 bid 0.02 offer = mexican standoff?
    GRK Price at posting: 0.1¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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