With drilling 6-8 weeks away due to contractors delays and changes I am wondering how much faster the company is burning through its cash reserve.
The proposed use of funds left some room to move and if funds are diverted away from MZB that definitely helps. Having said that, the company will need some positive news before the end of the quarter or will need to facing down the barrel of a capital raising at less than ideal prices.
No doubt with a CR imminent the likes of Hunter won't be keeping the price down to accumulate on market... they will do it to maximisze their CR entitlement when the time comes.
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