I believe SUP is looking at all their options, hence the appointment of the Uranium expert, and will pick the best horse.
What you were alluding to was that Mike was selling moose pasture. Quite the contrary. It has propsective value. Mike simply isn't the person to develop it.
Sachem Cove will do what Sachem Cove will do to monetise the asset for themselves. What that looks like is anyone's guess and then negotiable.
I expect a staged cash/equity earn-in or JV arrangement.
That way Sachem Cove has a stake in the upside. And SUP is protected on the downside if they don't like what they bought.
Hope that clears it up.
I believe SUP is looking at all their options, hence the...
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Last
35.0¢ |
Change
-0.010(2.78%) |
Mkt cap ! $156.2M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.0¢ | 35.0¢ | $88.68K | 248.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 154754 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 57847 | 1 |
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| Last trade - 15.30pm 16/05/2024 (20 minute delay) ? |
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Last
35.0¢ |
Change
-0.010 ( 1.41 %) |
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| Open | High | Low | Volume | ||
| 36.0¢ | 36.0¢ | 35.0¢ | 211848 | ||
| Last updated 15.30pm 16/05/2024 ? | |||||
| FHE (ASX) Chart |