Good Morning Towie
my comment re cap raising was purely rhetorical - light hearted banter really.
I am and I'm sure anyone else who has done their research would be well aware there will be no further need to raise more money (unless of course some absolutely compelling new project floats across their desks). The upcoming stage 2 drilling campaign is already funded with the recent/current raising.
One thing to note re the consolidation - if investors want a reasonable position size, easier to buy pre-consolidation - otherwise they may be forced to chase the price just to filled. On the flip side, exiting can be equally challenging.
Again, DYOR
T
Ann: Corporate Update, page-16
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