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Good article about the company. But there is NO WAY that Alam will exit PN17 in the first fiscal period of 2025. Things are just more complex than getting subsurface service contracts.
Things take time. In the end the proposal to pay banks with new shares is NOT that attractive. Would rather get a counter that has assets without leans.
I am negative on Alam since the spike. But I think that there is no more downside. The price will settle here, or even rebound slightly. This was a general market disaster, Alam already priced it in. Good Luck.