CR is definitely required to drill, and for working capital moving forward.. There’s only 1 quarter left of capital from the last 5B, and we are almost two thirds through the quarter now..
As I posted in the other thread, I would not be surprised if there is an announcement in the next trading week..
The unknowns are the vwap, and the target investor strategy and exactly how much to raise but you can sorta work out how much they will need based on average drilling costs..
Which I’ve just read allens has provided some rough figures..
Ann: Results of Meeting, page-17
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