Short answer is 'no'. Long answer is I see this playing out similar to last year. That is, on 05/12/22, PCL was granted an extension and waiving of the relinquishment obligation, because NAMCOR knew full well that WDS were on board for the 3D. It is a requirement that we have drilling organised prior to the January date, however I envisage the same occurring again where NAMCOR basically grants the 'extension and waiving' because they know WDS will farm-in and drill during the next period.
From all reports, the relevant parties are getting on very well and news will be delivered when appropriate and as a collective (rather than Sintana-like). In terms of timing, expect some news on the licence in the coming weeks and some commentary in the quarterly. 3D news will effectively be released when WDS are ready.
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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