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
8.2¢ |
Change
0.002(2.50%) |
Mkt cap ! $27.18M |
Open | High | Low | Value | Volume |
8.0¢ | 8.3¢ | 8.0¢ | $51.65K | 637.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 159410 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.081 |
1 | 30000 | 0.080 |
1 | 50000 | 0.077 |
4 | 120367 | 0.075 |
1 | 55000 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 159410 | 1 |
0.088 | 90000 | 1 |
0.090 | 100000 | 1 |
0.091 | 100000 | 1 |
0.098 | 15434 | 1 |
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