I dont see that as a realistic scenario
PCL would need the time to find someone, negotiate and seek approvals for a sell down to another party
Woodside would obviously not like to see this happen in place of them receiving the 10%. Woodside would also be operator at this phase and would likely accelerate timeline for the 2nd drill to force PCL to hand the 10% to them, take the royalty option or force PCL to find the cash which under an accelerated timeline would need to be debt / CR
I dont see that as a realistic scenarioPCL would need the time...
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $178.8M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $141.5K | 6.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2938754 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 4983493 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PCL (ASX) Chart |