EXR 22.2% 2.2¢ elixir energy limited

So it seems a few have come to roast EXR now that there is now...

  1. 703 Posts.
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    So it seems a few have come to roast EXR now that there is now news for a couple of weeks..

    Is there anything material you can provide that shows why this isn't going to work? Other than the SP falling and some of these hearts moving on?

    Otherwise it seems premature to fail this company before you have seen any results of their first drilling and testing campaign in what is a very remote and untested area. From my point of view they are adjacent to a Chinese CBM field producing a huge amount of gas, from highly permeable coal with huge gas contents. They are also adjacent to a HV transmission line network and close to major energy users looking for lower emmissions energy. They are also run by an experienced CBM team who have proven track records in developing such a resource.

    So unless you know that they have terrible results from their testing, how do you know EXR isn't on a recoverable and commercial resource? All geological indicators are good, customers well within reach and so far drilling has discovered large amounts of coal seams..
    Last edited by valueharvest: Wednesday, 07:50
 
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