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clock Created with Sketch. 06/06/24
17:52
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Originally posted by jakspara:
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A voluntary suspension would be an odd move just for the PPSA. I’m still hopeful the company will forge ahead with Mukuyu while we await the government, otherwise why have we been paying Exalo for the last 6 months, surely they aren’t that lacking in foresight? If we were going to go into a complete standstill with Mukuyu, IMO, we would have seen 3D seismic campaign started, they can acquire the data as it’s going to take at least 12 months until we see some results from it anyway. It’s possible PPSA is more a hindrance to funding/partnering for the new leases and we’ll continue to develop Mukuyu on our own ie. the hold up is on funding/partnering for the new leases, not Mukuyu.
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The timing of the PPSA now appears to be the most critical thing for the future of the company in terms of funding. A suspension earlier on may have prevented the SP decimation that we've seen.
