I agree steven looks like the small placement for "running cash" done (no other way I can see they are able to function day to day if not?) however shouldn't this dilution of your holding have been ann immediately? little shifty, and unfortunately true to form.
Also 6wks work from no. 1 and still no flow rates available? Heading into winter the historical data suggests no progress has ever been made during this period - perhaps well 1 was just in time? although the others from here on must have some doubt?
There is light at the end of the tunnel, however SP values in risk and seems roughly about right if we allow for a sale price returning several multiples? And a possible cap raise below.
Its all in their hands, get it right everyone (including financiers) wins, but flip side still prevelant too for now.
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