Well they only had $3m at the end of December which didn't leave them much in time or a very strong negotiating position for financing or farm-outs and they do need cash to keep things going so the balance sheet looking a bit better now......
" “We now have the financial flexibility and the balance sheet to add considerable value in the near termand it provides us with greater optionality in securing the best path going forward for the Company. It assists us with potentially securing funding on favourable terms for the pipeline buildand/or securing a potential farm out. Over the next several months we will be working towards updating a reserve/resource assessment onWindorah,securing fundingfor the pipeline as well as the negotiation of potential gas sales arrangements. We look forward on reporting our progress and putting shareholders’ funds to work.” "
https://www.asx.com.au/asxpdf/20190301/pdf/44344ggxjw4170.pdf
Ann: Trading Halt, page-140
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