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  1. eccoi
    1,563 Posts.
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    06/02/12
    21:09
    Post #: 9653256
    Are these guys running out of money? Last Qtrly showed $3.7. with estimated spend by end March of $2.7m. So they will have $1m by end of March ... getting low in my opinion. So what are management going to do about it ? My guess is hit us with a capital raising just as they make the farmout announcement ... yes milk us whilst we are jubilant. The good news is they'l have to make the farmout announcement by end March for this strategy to work ..
    QFY Price at posting: 4.7¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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