From what I understand Energy renaissance may need NT Gov support, financial in some form, which might be part of the delay.
CXO on the other hand is just money in for NT Gov plus the positive spin offs of jobs and getting the deficit back on track. NT Gov receive 20% of the net value of saleable mineral commodities sold or removed without sale from the production unit, rather than on the gross production value or tonnage produced. Good little money spinner for the NT.
Ann: Share Purchase Plan and Application Form, page-153
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11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 374502 | 11.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3715512 | 56 |
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