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2,645 Posts.
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29/04/13
13:01
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wobbly why are you so adamant there is a conspiracy theory
Blind freddy can see they need to raise money to fund their drill program especially given a 4th rig is coming online soon.
So until a raising is completed its going no where.
Cash burn for the quarter was ~30m, with improvemnts in drill times and a new rig this will increase. Current funds are $30 11 cash 20 revolver.
The question is how big is teh issue and at what price, no conspiracy theories needed its branded cum issue
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