If they can start with unfracked production from Vali 2 and Odin 1 and Vali 3 and only do fracking later in the life of those wells it will greatly help the medium term finances of the JV as they proceed to production.
I hope they do not look to raise the finance for Cervantes yet as they should get a re rate if Odin comes in with a big test flow rate and they can justify an upsize in the estimate of the initial hub production.
I hope there may be a finance agreement and offtake agreement in the wings waiting for a FID .
I suppose that an offtake prepayment might be just too much to hope for , lol .
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $2.284K | 1.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 19005694 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11409690 | 13 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |