A gamble either way as i see it.Take the gamble and run the cash...

A gamble either way as i see it.

Take the gamble and run the cash into the next drill and find something and MAYBE the market prices it in and then raise cash at who knows what price because even with good results you still have no cash. But now if the market doesn't price it in your in a horrible position to raise cash and any potential reserve is now depleted.

Or

Take the hit on the chin and play the cards as they lay, raise cash right before the drill season kicks off so the buffer is there either way. That also allows the SP to run if the drill bit is successful as low cash reserves wont be scaring the market.

As much as cap raises are on the nose atm i personally would prefer they just bite the bullet before the drill season starts and take the dilution, hopefully around high 2's.