There is no more CEI drilling mate. They've missed the deadline for the grant.
Or do you mean they will still spend $300k out of pocket (un-reimbursed) to complete the two holes?
I would be grossly against this at any point, it would literally be taking just under 5% of the total company value and pissing it away on a gamble of 2 holes.
Scrip would be fine if the company was valued at $100m. But as it is, they've had 6+ months of attempting to find someone to drill for scrip, and nobody is interested in wasting their time, money and resources in exchange for shares in a dodgy company in the back ally of the ASX which will likely never get them paid.
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