Even taking into account different projections, I thought we were fully funded through the next drill campaign with some change. Considering that campaign is slated for Q1 17, what is 'in the meantime FAR must raise capital' referring to? What is this next CR meant to be paying for?
If the drill results are positive that may lead to another increase in the resource and provide some support to the SP. Does anyone disagree with this?
We've waited 3+ months already for progress on PE, fast forward another few months, a lot can happen in that time. IMO some reported comments from Ian have foreshadowed that a resolution may in fact come sooner. I think we've also now established that the 90-day mediation period bandied around is a condition of an old JOA, not the one currently in operation. Mediation continues, with no immediate need to proceed to arbitration. If FAR, COP and/or WPL are still in discussions (one would assume?) that just needs to play out. If FAR thought there was no benefit to continuing on this current path, then either arbitration is a logical next step or it is not. If they are out of options one would assume that an announcement would be forthcoming.
Some shareholders (not specifically directed at you OOO) make out like management have some ulterior motive(s) with their current actions. Someone please enlighten me on this.
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