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0.4¢ new standard energy limited

Ann: Quarterly Activities and Cashflow Report, page-11

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michaelbellamy

963 Posts.

79

10/08/15

15:58

Post #: 15780191
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Originally posted by anatol ↑

NSE does not have to pull a rabbit out of the hat. They are in business and they have serious assets. As far as I understand from their anns. that they will simply pull a farmout deal out of Canning or Carnarvon Basin projects and incoming partners will pay for funding of the activities. That is so simple.

They told it on all of their recent announcements that they were in negotiations with potential partners.
See the Quarterly Report anns on 27/7/2015;

"New Standard is currently undertaking a strategic review of its Western Australian asset portfolio. It is expected that any future transaction agreed with an incoming partner on the Western Australian assets will include the funding of any immediate capital works and future exploration program."

I wouldn't see this business activity as "pulling a rabbit out of the hat".
Business as usual.

Expand

Business as usual minus $60,000,000.00
Going on their historical business acumen god help us.

NSE Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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