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OMG @mrm. You and your Predictions but SP is going down. Market...

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PeterJay

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18/12/23

11:11

Post #: 71503165
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Originally posted by MrMozambique: ↑

Good morning @Grudgy,

We spoke about the sale in the very early days because I said I had a target price of 50 cents 5-8 years out ( this was two years ago ) and he said he believed we'd never get there because PWN could potentially be taken out. So I said is there a price where this is a consideration and he said there was a threshold and I can tell it's more than 25 times the current share price.

I don't know why everyone keeps saying, "when Shell drops an announcement". We are contracted to Shell, we have provided a Feasibility Study. we are now being paid in a Pre-FEED stage, the next stage when they accept our FEED Proposal is to enter into FEED. (Front End Engineering Design). This provides the client with sufficient design to obtain a +-15% price from the market for the build. They then make an investment decision and execute an EPCM ( Engineer, Procure, Construction Manage) Contract to PWN and Worley for the build of the Plant.

We are already contracted to Shell, we are following a well worn path in Oil & Gas and the Mining Industry of getting to the construction of the Plant.

Investors need to appreciate this. Yes there is a timeframe, but we are getting there.

Shell would not have got to Pre-FEED and asked for a FEED proposal if the technology didn't stack up in their business.

That's enough for now, more in the new year.

Mr M.

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OMG @mrm. You and your Predictions but SP is going down. Market doesn't like it.

PWN Price at posting: 0.8¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $24.90M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$5.877K	653.0K

Buyers (Bids)

No.	Vol.	Price($)
2	210681	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	5628270	7

View Market Depth

No.	Vol.	Price($)
2	210681	0.009
17	6565999	0.008
14	7972959	0.007
13	7617385	0.006
5	5360009	0.005

Price($)	Vol.	No.
0.010	5628270	7
0.011	1272727	2
0.012	185513	4
0.013	1500000	1
0.014	1834498	2

Last trade - 12.43pm 06/09/2024 (20 minute delay)

PWN (ASX) Chart

OMG @mrm. You and your Predictions but SP is going down. Market...

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