Thank you mrposhman
Any idea "when" they will need this $2.5m ?
Borrowings
I am sure they will be able to borrow a few ($3m) million on Nigeria, to tie them over until they have an asset sale (Tunisia / Nigeria). Even if the interest rate is 50%, it would be worth it.
And they might be able to borrow a few million on Tunisia if they hit oil, which i think they will.
They will not do a rights / placing below $0.30 it would kill their options and I am sure Carmichael have some protection below $0.20
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