No all good. I knew where your comment was directed.
The way I see it PVD is pretty much at cash backing, and have a conditional deal for a drilling contractor to fund the drilling cost s of a three well program in return for a royalty. This way PVD still maintain 100% as they search for a farminee to fund the remaining costs. PVD have spent a lot of money getting the permits drill ready so I wouldn't be surprised to see a farminee reimbursing some of these costs...ie more cash back to PVD.
So if Neaves can pull off a deal for a farmin...we have a company at, or below cash, with three fully funded wells to be drilled.
If he doesn't pull of a deal...well the stock will probably be cheaper!!
No all good. I knew where your comment was directed. The way I...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.66M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $10.62K | 1.517M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1883670 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 6852839 | 6 |
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| Last trade - 14.11pm 15/11/2024 (20 minute delay) ? |
| HHR (ASX) Chart |