I agree could be anything.
If this is just limited to Montney, my thought process would be they have struck an acceptable (solid) price and need time to get a rig onsite to undertake their own testing and assessment of the established infrastructure. Will assist in validating capital input and future output volumes/ total resource.
Simply put, I see it as an indication of offering a good price that requires a level of de-risking from the purchases perspective, plus a sellers numbers are always optimistic.
With that, it also offers an opportunity for them to come in with a haircut near the end of DD.
All part of the games
- Forums
- ASX - By Stock
- Ann: Suspension from Quotation
I agree could be anything. If this is just limited to Montney,...
-
- There are more pages in this discussion • 86 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CE1 (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.700M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CE1 (ASX) Chart |
Day chart unavailable