With the May deadlines missed, possibly due to the SPP, possibly, as Davy surmised, due to due diligence from a farm in partner, I would expect a lot of news quite quickly now leading into a spud date.
If in fact they still intend to spud in July, then events really need to start moving.
By allocating the extra cash to working capital it allows them a free hand where it is used.
IVZ Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
