Thanks lotm, I personally believe a sales process commenced on ss late last year and during this process the company has not drilled any further wells. Expectations of a deadline where end oh q1. (not disclosed)) My own research, hence the sell off from linters once this deadline was breached.
Regards to breach of covenants nit sure.
In terms of what happens next, you either get surprised with a ss sale, or you will see an increased in planned wells, meaning ss was not sold
I would love to see ss sold for 150m+ removes all debt and notes and provides adequate funding for northern star
AZZ Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held