True.
Less than $2.0 million in the bank and market cap of $16.m -- to sink a well cost more than $50 m.
The prospect is very attractive but is not proven, definitely not in a good position to negotiate, if Noel is unrealistic, nothing will happen.
Why would the big boy stump up the money upfront (could be a dud as well) and get a percentage of the venture, instead of acquire 100 % of TDO shares (even pay a 100% premium say at $.14 a share -- $33 m offer) and get 100% of the spoil if successful with the gas find.
True. Less than $2.0 million in the bank and market cap of $16.m...
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Last
9.1¢ |
Change
-0.007(7.14%) |
Mkt cap ! $23.20M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 9.1¢ | $22.25K | 235.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 109999 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 387595 | 2 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| TDO (ASX) Chart |
