I wasn’t being dishonest. They have 20 million in cash and funded for 3D and commercial flow with a further 15 million coming in which will be enough to head into a second well later on in the year.
The additional 15 million currently in rights is same as before it will be either finished in Feb or finished off leading into flow. Now company doesn’t need the additional 15 million to progress it’s activities and it’s why with news flow coming up they already know it will run and it’s why they raised at a premium. Either way will still end multiples coming up
110 million dollar EV laughable
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