It could be all boiling down to the best way to raise is to make a decent offer with options attached to current shareholders...in the end it could be the most viable alternative. 180 million shares at 15 cents (after some good test results) with a one for 6 option on top would get us across the line but large dilution so got to hit gas (or oil?). 20% dilution but hey what are the alternatives? Anyone else getting a nasty taste from this punt? On the good outcome side of things what is she worth if they announce discovery and shite loads of gas? Is the dilution (and further dilution coming up subsequently) going to make this a worthwhile risk/reward play? Selling at a loss now isn't too palatable to me for sure...trust the BOD to pull this together in a creative way...its all we can do at this point IMHO. Its a long way to the top if you want to R & R! Heart stopping stuff now for the balance of 2023 considering economic climate and possible need for cash to hold our personal circumstances in shape.
Confidence game...we need a few confidence boosting news releases ad fast!
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