Well assuming they didn't spend all the forecast 800 k last quarter, they'll still have around 2 million.
Enough anyway to drill half a dozen or so well placed holes.
Hopefully they find enough to convince the market that they are approaching pay dirt, and then offer a Rights Issue. (Pref 1 for 4 or better).
I will never again buy into a SPP in any company (unless its exclusive to existing holders and compelling)
Oscar
where are the $ coming from for drilling, page-9
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