If current drilling program has anything to do with offtakes I would see this more as to accommodate 3 rd client.
If is true what we were told about finalising agreement and 5000 T shipped for testing, I am expecting new offtake agreement days prior or after next quarterly report.
Going by announcements since 2019 if we get average or below expectation quarterly it will be followed by positive off take agreement or (what I am expecting) two positive announcements telling Mr Market that A40 is now in their way to regular income, bigger production and only months away to prove potential of resources in BH.
Assuming positive drilling results in 2019, percentage of area drilled versus amount of land available for future drilling it could give an impression of a future monster.
For those who are prepare to wait for the next 12 months accumulation at the current SP is IMO worth the risk.
A40 Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held