The timing of the first $10m draw down should have been completed on last Friday. We are now 3 days past the funding date and no news from the company. This is most unsatisfactory for all concerned. Surely timelines can be met in the simple process of drawing down a loan.
And the constant selling doesn't give much confidence either.
Time for the company to keep us in the loop.
I think that we have an excellent drilling prospect and look forward to getting on with the job of producing oil and gas but we need our financiers to play their part promptly. I am loosing confidence but doing the best to hold in there.
Cheers all,
AWD Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
