Magna Done, page-36

Gosouth.

You know from other threads that I respect your posts and value your opinions.

I have had contact with DMR however and he informs me that they monitor costs and wages very closely.
He also indicated the near term farmin potential and I would've thought that reduction of cash pressures and future cap raisings would've been something he was likely to include in negotiations of terms with potential partners.

You imply that a large cap raising is inevitable but I respectfully disagree. I'm of the opinion that David will have been presented with several possible partners and he will successfully negotiate a deal with one of them that includes a cash injection as well as free carrying for the upcoming drilling.