Eyeman, it is a question of when the CR takes place and then how it is used. My thoughts are that it is likely to take place after drilling Cockie Creek .
I disagree David.
I reckon that news on the capital input is imminent, say by month's end.
But, in what form? A farm-out or 2? An asset sale? A share issue to a cornerstone investor? More than one of these? None of these and a CR to sophs and/or shareholders instead? My tip? Not a standard diluting CR.
How much? Just enough for the short term? More than that, instead either medium term or long term? My tip? Long term.
I agree with Egg's last post : he could instead of take time , do due diligence, assess and cultivate a long term game plan to create a tier 1 big hitting.
I think that the Bottletree news will be the catalyst for the first step to create company wealth by attracting a big player. That is all supposition of course, but think why the exploration was done; also think why it took so long to be reported (had to get it right?!); also think why other exploration was not done while Bottletree was investigated; also think why Greg Corbett became involved.
The glass is half full!!
SPQ Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
(20min delay)