They crow about the cash balance but we know it's mostly from cap raisings.
I'll give them one thing though, they haven't blown it yet, in fact, they've added modestly to it.
That puts them ahead of most junior oilers.
I agree with them about maintaining a high cash balance for any potential development, rather than pay divvies or chase expensive acquisitions.
I will wait for drilling dates to get firmed up before re entering.
agm
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