ITC 0.00% 8.2¢ impress energy limited

Ann: Capital Raising , page-19

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  1. 5,817 Posts.
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    G'Day Peoples on this dreadful market day.

    On the CR I would have to be honest and say my initial reaction was not good.

    Then take some emotion out of it and sit down and look at the bigger picture and you can understand why. I made the comment the other day that the quarterly would be interesting for the cash position knowing they are drilling alot more holes than planned and for that as an investor you want activity but at he junior level it takes cash. The dilution is not huge and hopefully much of the stock will go to sticky fingers.

    The prgram speaks for itself and I as I have said I think Wirraway is the big area in this campaign.

    Neswflow wil consistent from now on and we will get an incremental lift in reserves so any downside will be minimal IMO.

    Finewines - like WASA I wonder how you arrived at tha comment.

    The spp also will be closed in 3-4 weeks so there should be 1 well completed by then, news on Snatcher flows and the quarterly. There may even be more assessment of the 3d.

    They really are pushing for the cash flow in this campaign which will get us hopefully some attention.

    Now I have find some cash.
 
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