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5.56% 1.7¢ pilot energy limited

Ann: Pilot Energy Raises $720,000 at 0.3 Cents Per Share, page-7

  1. manlai1
    685 Posts.
    lightbulb Created with Sketch. 19
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    24/04/17
    23:44
    Post #: 24246222
    You need money to drill, you find oil/gas by drilling.

    It isnt magic. Im always surprised when people talk about diluting shareholder value when new shares are issued in a junior. Id rather have the cash and chance at drilling than not have it.
    PGY Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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