Thanks heaps for making a call. I'm keen to understand when Scott realistically thinks we'll start to see some serious interest in a farm-in partner that values us with a reasonable $ per WI% and allows us to be properly funded to drill the basin out without these well-by-well capital raises. Looking at lots of the analogous fields they've discussed in company presentations, it appears that there were a number of discovery wells + good flow test results + 3D seismic at least started prior to the farm-outs - and it appears to me we're probably up to 12 months away from being in that position. I know he'll probably deflect this question a bit, because maybe he can't say much, but at the moment investors see a company that is going to be constantly raising capital to fund each and every bit of what they are doing. Which just means more dilution - and is going to stop the share price from appreciating. Assuming the entitlement offer happens, we'll probably have $30 million AUD which is going to get us a flow test, some 3D seismic and maybe partially funded for another well (depending on what and where they drill).
- Forums
- ASX - By Stock
- Phone conversation with Scott - Jan 12th 2023.
Thanks heaps for making a call. I'm keen to understand when...
- There are more pages in this discussion • 414 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.1¢ |
Change
0.002(2.90%) |
Mkt cap ! $100.6M |
Open | High | Low | Value | Volume |
6.9¢ | 7.1¢ | 6.9¢ | $48.24K | 690.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13000 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 218454 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6944 | 0.072 |
1 | 3 | 0.071 |
1 | 55000 | 0.070 |
4 | 192005 | 0.069 |
7 | 164078 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 200000 | 1 |
0.072 | 218454 | 5 |
0.073 | 168000 | 2 |
0.074 | 203000 | 3 |
0.075 | 344182 | 5 |
Last trade - 15.58pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
7.1¢ |
  |
Change
0.002 ( 3.20 %) |
|||
Open | High | Low | Volume | ||
6.9¢ | 7.1¢ | 6.9¢ | 930429 | ||
Last updated 15.58pm 21/05/2024 ? |
Featured News
IVZ (ASX) Chart |
The Watchlist
AUQ
ALARA RESOURCES LIMITED
Stephen Gethin, Non-Executive Director & Chairman
Stephen Gethin
Non-Executive Director & Chairman
Previous Video
Next Video
SPONSORED BY The Market Online