Sorry timbin4 but "there is a incentive in that deal for PNX to underplay the PFS results on the hope that it doesn't entice Kirkland to pay their times 3 for the clawback".......................but with the ASX and JORC to deal with, that would never be allowed to happen. Professionally that would destroy any boards credibility (and could (?) be against the law)
Back of envelop maths. Say PNX spend at the end of their PFS, $4m and work up a project that has an in-ground resource with a value of say $250 (this looks worse the higher the in-ground resource becomes). Kirkland then pay $12m for 30% of a de-risked project. The problem is the unknown. What direction will further project funding come from?
- Forums
- ASX - By Stock
- Gold, silver, zinc, copper, lead !
Sorry timbin4 but "there is a incentive in that deal for PNX to...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PNX (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
-0.002(33.3%) |
Mkt cap ! $17.91M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $21.43K | 5.547M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 36000627 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 500000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 36000627 | 0.003 |
13 | 54570335 | 0.002 |
11 | 122089878 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 500000 | 1 |
0.005 | 40084514 | 18 |
0.006 | 15851890 | 9 |
0.007 | 15562798 | 7 |
0.008 | 1725000 | 4 |
Last trade - 11.10am 23/08/2024 (20 minute delay) ? |
Featured News
PNX (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online