seems all corporate value. not sure how much room left for shareholders.
july 17 quarterly states nst as having management of ctp exploration and sole funder. sole funding ends after commercial productions ...... then nst have 60% in total
typical legaleese. no doubt that there is a document which says 2018 but i can tell you after rereading the july quarterly i cant see in there any mention of 2018 in that document. furthermore what does end is sole funding. does not mean that nst ceases as manager and controller of ctp. also nst and tam can agree to vary or delay whenever and whatever it wants.
it is a fluid situation. nst obviously want ctp and no one better to extract whatever value there is. i have a small position which is long term and cant see much impetus for change. almost a retirement fund for the directors. they did well and dont even have to develop anything. nst have locked up another future resource. i can expect a boost in both companies by time i retire but would love to see it all reiterated in black and white with a solid gantt chart. sp can do anything in meantime.
TAM Price at posting:
4.8¢ Sentiment: None Disclosure: Held
