Looks like they have given up on selling it which is a little disappointing. I would have liked to know what price was possible early in the game. The valuation dropped from 2 billion initially down to between 500 million and a billion next and I'm guessing that was not achievable so early on they are now going through the dilution route of raising for evaluation. That would be a slippery slope for a minor like PCL. Hope the farmout contains more than a free carry for the initial well.
Ann: Namibian Ministry Sign Off On PEL 87 Licence Extension, page-162
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Last
1.5¢ |
Change
-0.001(3.33%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $3.974K | 270.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 8442019 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 5229320 | 9 |
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| Last trade - 13.45pm 18/10/2024 (20 minute delay) ? |
| PCL (ASX) Chart |