Noticed on the announcement dated 31st October, "Following the disposal of the Company’s main undertaking the Company has a 6 month period in which to comply with ASX Listing Rule 12.1, in that the Company’s operations, must in ASX’s opinion be adequate to warrant quotation and continued listing. "
Does this mean we have 6 months from this date to land a deal?
Also liked
"The directors of the Company now intend to investigate opportunities from within and outside the oil and gas sector."
Cash burn rate currently 319K a quarter, just wondering if this is within normal spend rate for a shell looking for a deal?
Certainly looking to purchase.
IHS Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held