Do you believe the PCL BOD, who had done so well so far, would not start shopping around for a new lead operator until 18 May ??
A new lead will need approx 3 months to confirm they are happy with the targets taken from the analysis of the 3D survey, noting this work would confirmation not re-selection.
So working backwards: that takes us back to approx mid February.
Then factor in the time to make the neceesary arrangements to inform the right super's of the opportunity and that takes us back to approx start of February, give or take.
I never said this this came from PCL, I said the information is out there.
"The good news is the PEL87 data room opens next month and WDS won't be too thrilled about the pressure that will create"
We are in for a very interesting few months, the only potential SP disrupter is if the shares from the 'estate' are being disposed off.
Regardless if that is happening or about to its only approx 5% of SOI
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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