They may take a little bit more money, but the more they take down here, the greater the dilution. They would be better off getting some results and raising more at a higher price down the track. The demand is going to be far greater than the stock available anyway imo. People should expect to be scaled back. The stock is 4x the placement, so it’s only natural.
Now the new board is here, we could expect news flow to pick up. It’s going to get interesting with 4 rigs spinning in the coming weeks.
They may take a little bit more money, but the more they take...
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