The data acquisition cost for the seismic is the price we paid for WDS involvement, and now any major Co coming in should be required to pay some sort of back costs for that data, which if the BOD are any good should be able to extract a reasonable hefty cash sum. It may well have been WDS money but that is irrelevant - it is a cost the incoming party will not have to pay to get to this point which they otherwise would have to do.
i expect the % equity to be the same but maybe another A5M in the PCL coffers
the other negative is that WDS have effectively scuppered the options money aug 25 - so we need good recompense for that loss from the incoming party.
PCL Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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