1.5q left is based on historical expenditure. To my understanding there’s been no drilling this q so the spending should be well down. Just study related costs and admin costs. We will need a raise this q for obvious reasons, but I don’t think it’s desperate times that they are going to be broke in a few weeks. I am sure it will be under 1q of funding left in the bottom of the upcoming quarterly cashflow release but they will explain they are currently looking for it and a non dilutive option for shareholders.
1.5q left is based on historical expenditure. To my...
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