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17:43
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Originally posted by Cosmoterios:
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Everybody is looking out for their own interest - including the top 20. Just like you and those "alleged" shorters. The simple fact is, everyone is in it to make $$$$$$$$In any case, every Tom, Dick and Harry, know what is the problem with this company; NOT enough Funds to carry through the next stages of tests. regardless of which company extracts it (assuming there is a resource there); in truth, they probably prefer a Big O&G player than a minor which is struggling from year to year and relying on funding from their own shareholders to progress, and the Lab will need to release some spectacular results (next set of data) to attract a Big O&G player with deep pockets; which seem unlikely at the moment. Bottom line: shareholders and institutions will be tapped again after June 2024, IMHO. That is what the market is expecting and why the share price is where it is.
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but your comment makes no sense. You’re saying they have the resource but need funding sorted to access it. That’s how de risked this is. The second they sign PPSA money will be pouring in like crazy because they know a JV with a big player is coming because it is already a multi billion dollar asset. This is running you like it or not. Will still end up multiples in the coming weeks
