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From the Quarterly this is the third listed highlight:- Gneiss...

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    From the Quarterly this is the third listed highlight:-

    Gneiss Energy Limited, a UK-based leading energy corporate finance advisory firm, was appointed during the quarter as corporate financial advisor in connection with the preparation for, marketing and potential sale of the up to US$55 million contingent payment from Woodside Energy in relation to the RSSD Project in Senegal.

    They are clearly planning to sell/trade it early and presumably when it appears there is some certainty about the amount and timing of the payment. As WDS gets very close to completion of the project and the risk abates they will be in a better position to negotiate an early sale of the right to the payment.

    If they can't find a buyer at a reasonable price and they run out of cash then they will either try a Cap Raise or failing that, appoint an Administrator!
 
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