As Spider has posted above.
IACX have a business model that relies on their partners in this case BNL being able to deliver their side of the deal (in this the case the main condition being some gas to process).
IACX then make their money taking a cut or fee. IACX's business model doesn't work if the partner can't provide the gas. They don't want million's of $$$'s worth of assets and equipment sat in a yard depreciating with no revenue whilst these clowns try and get a hold drilled.
As Spider has posted above. IACX have a business model that...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.61M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.5¢ | $25.33K | 4.209M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1826750 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4761187 | 13 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BNL (ASX) Chart |