The announcement on Sept 7 detailed the JV agreements for Kakadu and Ash Creek.
We know that Kakadu was agreed and testing has been completed but what has happened with the Ash Creek JV?
A quote from the announcement:
"If in 45 days from 3rd September the terms of the JOA are not agreed then either party can terminate the agreement"
The 45 days expires on Sunday. Is it possible that with the new found confidence in ELK's sp management may decide to terminate this agreement and keep 100%. I would much prefer to keep 100% and I am happy for the company to borrow for the Ash Creek workovers and maybe later raise some equity when the sp gets closer to $1.
The announcement on Sept 7 detailed the JV agreements for Kakadu...
Add to My Watchlist
What is My Watchlist?