True.
Less than $2.0 million in the bank and market cap of $16.m -- to sink a well cost more than $50 m.
The prospect is very attractive but is not proven, definitely not in a good position to negotiate, if Noel is unrealistic, nothing will happen.
Why would the big boy stump up the money upfront (could be a dud as well) and get a percentage of the venture, instead of acquire 100 % of TDO shares (even pay a 100% premium say at $.14 a share -- $33 m offer) and get 100% of the spoil if successful with the gas find.
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Hmmm...., page-8
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Last
7.9¢ |
Change
-0.005(5.95%) |
Mkt cap ! $26.18M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 7.9¢ | $14.07K | 176.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 61600 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 5159 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55000 | 0.080 |
2 | 32343 | 0.079 |
3 | 122820 | 0.078 |
1 | 65000 | 0.077 |
1 | 43744 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 5159 | 1 |
0.085 | 150000 | 1 |
0.086 | 83966 | 1 |
0.087 | 180517 | 3 |
0.088 | 90000 | 1 |
Last trade - 12.51pm 05/07/2024 (20 minute delay) ? |
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