Ok the farminee report for backreef clearly states that if no JV partner can be fould the well will be drilled by OCT 31 regardless, and that the company would go to the market for funds.
So yes a rights issue may be on the cards.
I think we would all prefer a JV but either way i would be happy,
Bionic 2 hours to process ann before 4 day break? Sorry mate but it wasnt that complex
settle !, page-16
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