EXR elixir energy limited

Ann: Farmout of Mongolian Assets, page-55

  1. 2,746 Posts.
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    Agree- not a lot of content, sure some will come via video interviews etc.

    My understanding given our past experiences is that we need every year to commit to activity and expenditure under the terms of the PSC.
    So-we need more money to do anything in Mongolia
    We have no money
    We'd need to raise, yet again- at a crappy low share price, with sentiment at an all time low- and Brokers that know that- just look what we've experienced- discounted raise, churn and burn and employing muppet posters to spread fear and uncertainty.

    At least his deal allows for potential upside, with no further expenditure.

    Not the best outcome of course, we'd all have preferred a goal to have been kicked....but it's also not the absolute worst outcome.

 
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