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nothing is definitive, this is no different to the DNO offer...

  1. 214 Posts.
    nothing is definitive, this is no different to the DNO offer that came out earlier this year... We still know that there may be a potential merger with gulflands so I cannot derive any value from this onshore permit announcement... The only value is derived from the offshore permit - which is still uncertain as to how much they are paying, most likely around 50%, which leaves audax to fund for 10-15$M themselves -> mass dilution
 
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