Ann: World-Class Potential of Gurvantes CSG Project Confirmed, page-20

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RedRooster2

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27/02/24

21:16

Post #: 72629714
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Originally posted by invertedva: ↑

The problem with partners, especially at this early stage, is that you'd have to give a chunk of the asset away for not much return (e.g. 50% for $20 million). Otherwise, the partner would be better off taking over the company altogether.
I'd prefer to prove up the resource with some actual flow rates. Hopefully, at that stage, we're trading closer to a $100 million market cap. Then bring in a major, like Sinopec, for a 50:50 joint venture for, say, $100 million of drilling expenditure to prove up the rest of the field.
I would support a Right Issue or SPP if given the opportunity, especially if a few more options are thrown in.
I reckon we will see something in the next couple of weeks.

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Agree inver
TMK is ripening but needs a bit more time in the sun yet and that probably means a raise and the market suspects so as well and like you I will support if a SPP is offered. Happy with todays independent report that is franking the project and good management really as I think they need to go to the well, not big, but big enough.
Think this project is Huge in scope, but ya need the patience and I've still got it.
GLAH

TMK Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $30.66M

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Ann: World-Class Potential of Gurvantes CSG Project Confirmed, page-20

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