Ann: Investor Presentation - February 2024, page-12

My view is the presentation has been done for the RIU conference this week and not to round-up institutional support for a capital raise. It could be done for both purposes of course but this is less likely in my view. If the current drilling campaign is poor then I'd expect a CR prior to release of results. If we don't see a CR then I expect the drilling results to be better than good with the next CR coming at a (significantly) higher stock price. To me, Adam seems to operate on a normal, regular circadian schedule and doesn't pull pea and thimble tricks.