Im with you guys on this via BPT who have even more than NZO at 21%
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Im with you guys on this via BPT who have even more than NZO at 21%
And I would think that in the event of a successful well, BPT have the capital & size to commercialise it, without diluting their existing shareholders too badly.
Has anyone got that chart handy, the one that shows a resources company's SP rising steeply before the drill then topping out and dropping while the company sort out their cash to capitalise on the find, then rising again before production.
I would have doubts about such a chart applying to NZO and this drill .
There has not been a steep rise before the drill-a small rise only .
We are told success is likely to be binary.
My take on this is that if gas is found its so huge that the sp could multiply tenfold .
A huge find means no problem sorting out finance .
Thought there might have been a bit more liquidity in Aust, bugger all for now.
Glad i didn't transfer my shares over to ASX at this point...Any comments?
Any word on the IronBark drill. I can only find that they have clearance to start the drill some point in October and Apex is in place, I would imagine it's underway now?
10 days to arrive from the day of mobilization which was roughly on the 12th of Oct, so arrival on the 22nd and drilling to start end of October weather permitting I think