Hi-tech,
I think Innaminka are trying really, really hard to keep their share price high enough so they can raise the $4-6m for their share of drill/frac/complete program that will put one of their tight prospects into cash-positive production, once they have enough data to decide that is the plan. Remember, their last cap raising is still slightly underwater, and they have been below 60c at times.
Juniper wont produce any time soon 'cased as a future producer' is the equivalent of pouring the foundations, but not actually building the house.
They dont have cash flow, and they need to spend money on appraisals.
I still dont like em.
Ian Whitchurch
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- wheels have fallen off
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