how are they going to fund the next drilling campaign cash will be done to about 7 m at the end of this quarter and then activities for next quarter will require another 2-3 m they will need to do a CR and if markets don’t stabilise it woukd be very dilutive. They would be better off farming down IMO and a script merger wouldn’t be a bad idea either I am always amazed how companies don’t run their balance sheets more conservatively they should have raised more during the last spike to cover 12 months of activity I find it particularly shifty how the MD presentation delivered in Feb used Sept cash balanced . Unprofessional imo
WGO Price at posting:
13.5¢ Sentiment: Hold Disclosure: Not Held