Post by
Margin321 on Apr 16, 2024 9:53am
That is called a MILESTONE
Should (in normal times) result in a re-rating of the shares.
I can't quite believe that Sparrow Hawk did this deal without testing of the Val Marie well, but maybe that has been doen and the results just not released. That testing is in the 2024 plan of work, and was also in the 2023 plan of work.
This is on the face of it a wonderful deal, takes a great asset and provides capital to develop it.
Comment by
frostback on Apr 16, 2024 11:45am
Long way from a deal. This is only a letter of intent and is not a binding agreement.