As for relying on retail shareholders for a raise...pfft, people here have stupidly short memories. When they did that it came up embarrassingly short.
Exactly
23/10/2015 $40m to be raised and the SI needed 7 days to raise their share which was $25m
4/11/2015 Retail were given 14 days approx. to raise their share $15m
Sophisticated raised $25m (62.5%) and underwrote $7.9 m(19.75%) total 82.25%
retail raised 5.5m (13.75%) and shortfall 1.6m(4%) total 17.75%
Love it or hate it, without the SI we will not be drilling.....in fact we would be still saving for SNE1
Ann: Senegal update - SNE oil field contingent resources upgraded-FAR.AX, page-65
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