@webzone10
post capital raising debt becomes way more manageable. markup of cuad/bowland makes refi @ favourable rates with a traditional bank lender much more likely.
we now effectively have a free option on bowland with the carry. 6 wells will be enough to either establish certification for this resource or establish it is not economic.
on the opco - a withdrawal from general construction is good news. it's a very risky business given the complex contracts involved. smaller scale niche sub contracting for gov projects and drilling services are much less capital intensive.
look - the fact is we now have a clear run at getting reserve cert for bowland through to the end of 2014. If and when that happens and provided its as huge as GIIP/TRR we've hit the big time - whether or not we realise it as a gain via cuadrilla/direct.int markup or a cash sale. i agree the opco now becomes the focus but lets see if the so-called cost cutting has actually reaped any rewards in FY results. we can take them to pieces and strip out management discretionary items/one-offs to get a picture of whether its a viable biz or not.
- Forums
- ASX - By Stock
- AJL
- sale of 25% interest in bowland prospect
sale of 25% interest in bowland prospect, page-28
-
-
- There are more pages in this discussion • 39 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 AJL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.00M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 450104 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1950945 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 450104 | 0.008 |
7 | 1755183 | 0.007 |
4 | 1245000 | 0.006 |
3 | 600000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1950945 | 4 |
0.010 | 861278 | 3 |
0.011 | 135000 | 2 |
0.017 | 60000 | 1 |
0.019 | 12500 | 1 |
Last trade - 09.59am 11/10/2024 (20 minute delay) ? |
Featured News
AJL (ASX) Chart |
Day chart unavailable
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online