I’m sure Colin Locke has his eye on the October oppies exercise. Keeping it lean but enough now (should be 2mill+ with cash at hand) means
a. people will be hungrier for more
b. A bit less dilution increases chances of holding well over 10c come October
theres 1.2 mill waiting for the exercise so if this strategy works it’s really a 2.8 mill raise at a bit under 9 cents (too lazy to do the maths)
We can put down a lot of exploratory holes and do other studies with $2mill. Turon may not need more than 60-80m depth - nothing at all these days .
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