I agree mate. He more or less said this in the fire side chat. They didn’t want to raise money for something they didn’t have yet. Now they have it they want to drill it. Exalo and Bakers are probably contracted for 2 wells??. They bought three well heads plus…. Sunk costs in a well that they didn’t have ownership of yet likely means the first well wasn’t fully funded??
Kind of strange that the TH wasn’t for a CR and that the CR still hasn’t been formally announced. It almost comes across like this was a last minute decision as to how they were going to play it?
Capital Raise......Going it alone, page-187
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Last
6.3¢ |
Change
-0.002(3.08%) |
Mkt cap ! $95.53M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.5¢ | 6.3¢ | $45.51K | 721.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 495616 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.4¢ | 159221 | 3 |
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| Last trade - 15.28pm 11/11/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |