p1K,
Agree with what you say here...had forgotten about that SE Asian Nat Oil Co...it could easily be the case.
If NDO gave up 15% it would leave them 45%, (not 55%), but still the majority to be operator.
There are quite a few possibilities for % splits which would still leave NDO as operator...
I was actually a bit suspicious of why they called a trading halt for up to 2 days just to ann the FID...it usually suggests that they're in the last throws of something that required organising/negotiations, so you could well be right.
I'd view it as still a very positive move if it comes to pass...will open more avenues and reduce financial pressure.
trading halt, page-40
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Last
83.5¢ |
Change
0.015(1.83%) |
Mkt cap ! $190.4M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.5¢ | 82.0¢ | $8.391K | 10.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 31246 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |