I spoke to Company on Thursday and established that the current licence agreement will remain alive until the extension request is decided.
That means there is no pressure for a quick determination of the request and therefore negotiations with potential farm-in companies remain in abeyance.
If the JV has met all preconditions, which I believe it has, i cannot see a reason for a protracted process by the Senegalese government. Hopefully we will hear something soon so the next negotiations with the interested farm-in parties can proceed.
In the meantime we sit and wait for the drill results at Pitchford 1 and 2.
I must admit to being a little surprised and disappointed the volumes traded were not greater on Friday.
Chelmsford
I spoke to Company on Thursday and established that the current...
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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| Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |