What's our situation if funding is not found by prior to the cash in the bank running out?
Would Talbot kick in some more cash to keep things going and buy management more time? This could happen, let's not rule out all possibilities.
If this occurs then existing shareholders would be able to top up again, further dilution would also occur, but as drilling is continually progressing the resource may be further upgraded (well she's not getting any smaller).
Surely though if shareholders have been told that there are a number of interested parties, then this shouldn't occur.
Butchy.
SDL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held