I wasn't expecting the expansion permit could be granted before the LOI expiring this month but I did expect the parties would be at lease renewed the LOI again for another 6 months.
How hard for them to just renew a non exclusive non binding LOI? They packed their bag and walked away instead.
I don't hold my breath on company is considering a better deal currently as they wait until the last day to announce the LOI is over and no mention on other negotiation.
No permit no offtake/JV
In hind we should smell this when Smedvig packed their bag 10 months ago
I wasn't expecting the expansion permit could be granted before...
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Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $162.9M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $1.357M | 3.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24683 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 19794 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |