leyasu,
You believe equity funding is required, I don't(well apart from maybe the $5m max I allowed for in my calculations).
Why do you think they borrowed $3m at 15% when they could simply have gone to the 2 big investors and got the money from a placing?
Remember there was no need to drill J-59 at that time, nor at anytime within the next year.
I believe they will get the $25M needed via debt.
You obviously don't, we'll find out soon enough who's right.
If I'm right there will be a massive scramble for the shares, as the free float is very small and getting smaller, as several people I know have been putting them away for a raining day in 2014.
As I said and I'll reiterate, I believe the shares are a licence to print money simple as that.
LOTM
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Mkt cap ! $37.14M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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