Unfortunately at the moment just to raise another 3-6 months of drilling funds will result in a dilution of some 20-25%
To stay with this stock, guess you either put this in the back draw, or chase hard and hope.
Another choice is to give a percentage (probably large) of its tenancies to a white knight who has the funds to explore aggressively with all the right tools, including 3D seismic
Ann: Drilling and Development Update - Mt Alexander, page-55
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