Let’s get some serious discussion going around our investment, and our future.
We are inching our way towards the Sept 18 date for expected approval of the OGDP for Galactica Pegasus. What is the likely scenario?
My humble thoughts are some positive announcements around the potential resource and income, a production plant, an offtake agreement, a co2 plant, perhaps a partnership or farm out, more well drills announced, and finally a CR. Hopefully at at least .01c
One, some, or all of the above? By all measures Galactica Pegasus and Sammons are feasible and profitable ventures. The right steps forward here and we could see a CR at a level higher than the current SP, but as always production is the key.
Im far from doom and gloom. With what we have in the ground, I’m thinking the board are getting some real power moves ready. Interested to hear other views.
GC DYOR
BNL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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