re: Ann: Well workover program expanded by 5 ... They have no money.
They owe suppliers $15M, and need to pay the bank $9M in interest payments, loan extension fees and a $5.6M repayment
Wheres the money to do the workover?
Whos going to spend $5M on MAE's behalf and queue up behind another $15M in Debtors
The quarterly said they would spend $350K on Development..
Right plan, probably yes...
Wheres the cash...
Despite the rhetoric I cant see anything happenning this quarter, unless the cash rolls in.
I see the announcment as an attempt by the company to move the VWAP up prior to the Cap raising.
Cap Raising coming with 2 weeks if theory holds water
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