I had a look at the quarterly report just announced to the market. From what I can gather, the cash stores of the company will cover next quarter's budgeted spend but not much more. Does that mean in reality the company's fortunes rest with the Paloma test results? Is there a chance that the company will have a capital raising? If so, are you few loyal characters likely to participate?
I am just after a feeling from those who know more than me about the future of the company. For if one accepts that Neon is on a winner with Paloma, then naturally so must Solimar. However, will Solimar get the chance to see it through to production or will it fall in sight of the finishing line, should the news be good news? Or will you participate and bigger shareholders automatically chip in to raise the money required to see it through if it is good news?
I am a Neon shareholder and any thoughts would be gratefully received so I can know what is what from those with more insight.
SGY Price at posting:
$1.05 Sentiment: None Disclosure: Not Held
