How many other people on this board agree with spinefx and or mikemike ??
That more capital raises versus no more capital raises are the better thing ??
Please bear in mind.. i thought i read a poster state today that after this mornings latest news, that more capital raises would be ok now.. from that point on i wrote my posts...
(if in the interim i have misinterpreted something or someone then i do stand to be corrected).
If we have been sold the concept of two decent farmouts for two significantly massive projects.. then i fail to see the need for any capital raisings other than based on success cases with the drill, creating finance requirement for appraisal and production drilling..
Even this rights issue does not appear to be required based on expected backcosts for upcoming farmout of conventional..
but alas.. some posters see need for further capital raisings beyond this rights issue ??
even when considering that it is high time to farmdown 3 projects and get them all drilled.. before contemplating further financing...
I look forward to the waffle that will be directed towards me
)
sadly the sp aint doing much in the meantime..
Ann: Conventional Portfolio Update, page-34
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