I agree, but what other ways can they generate cash from?ROG will continue to draw cash from YA Global, until NSW Government approves the pilot well, although when will it be approved remains uncertain.
The market has already priced in the Approval, that's why 0.007c remains a constant. Who is the winner? YA Global the loan shark of cause.
When it does get it's approval from the Government, ROG will attempt to CR/SPP perhaps at 0.005c, while combined with a share consolidation to give it a breath of fresh air and live to fight another day.
By the way what's the budget for this pilot production well?
Good Luck.
gas discovery booked 3p reserves of 114 pj , page-114
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