My facts were for the last 2 years on average the burn rate has been $1.1 million a quarter.
The last quarterly they had 2.1 mill left in the bank.
So likely next one goping to have around 1 million left, thats not even a quarter of funding left when they WERE NOT drilling. Now that they are, how are they going to get the money to drill and to pay themselves?
Doesnt take "no brainer" to see what needs to happen, they need to raise money. Time will quickly tell whos right.
My facts were for the last 2 years on average the burn rate has...
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