Empire, page-58

Agreed, it was clear that money was going to be required but they waited too long to do the raising so it ended up much more dilutive than it needed to be.

As for keeping the permits in good stead, that is not true as not all permits are still in EGO's hands. How many permits has this company (old board and new) effectively given away or relinquished? Canning basin, Carnarvon basin, EP437, South Perth permits, etc.