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....
True. Less than $2.0 million in the bank and market cap of $16.m...
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Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.86M |
Open | High | Low | Value | Volume |
7.5¢ | 7.5¢ | 7.5¢ | $1.5K | 20.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 86102 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 71498 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 86102 | 0.074 |
1 | 103700 | 0.073 |
1 | 40000 | 0.072 |
2 | 126428 | 0.070 |
1 | 15449 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 71498 | 2 |
0.077 | 339010 | 1 |
0.080 | 13513 | 1 |
0.082 | 53934 | 1 |
0.085 | 6250 | 1 |
Last trade - 15.32pm 04/09/2024 (20 minute delay) ? |
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