This would tells us that getting the best outcome for PCL shareholders after the first "potential" drill hits a sweet spot that we would also need to raise the funds for the 2nd to prove up the resource as Galp has done with Mopane.. Its all going to depend on whats being mulled over behind closed doors as we speak. ( imo this has already been planned )
I myself would like to see PCL management back themselves all the way on this and fund the 2nd drill as it would appear that the early confidence they had with PEL87 is showing all the right ingredients thus far.
Would be a damn shame to accept a reasonable NO risk low end offer to be thinking about what could have been later down the track.
My whole attitude with being impatient has changed this last 3 months.... my personal view now is let's go all in on this beauty and " drill baby drill" and put PCL in the history books.
PCL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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