If options are converted that will give us $780,000. Maybe their plan is to use that to fund the further buy in but might backfire if options don't convert.
What would be the best way..... Spend the money on a drill campaign, that way if it's a dud, we don't waste the buy in money and cut our losses. Only blow the drill money.
Or buy in, then spend more to drill, if it's a dud then we waste the buy in money plus drill money
Ann: Quarterly Cashflow Report, page-48
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