They can sell some of the leases for US$10 million to fund swish if the options aren’t converted. I see this as the better outcome as we’ll be fully funded with a low market cap and have 9600 acres left (if they get to 8000). Under this scenario the stock will boom as swish gets closer and there’s no more overhang, just drilling to look forward to.
If the options are converted it’ll be tough going for a long time with 1.6 billion shares on issue even with good news.
They can sell some of the leases for US$10 million to fund swish...
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1.3¢ |
Change
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Mkt cap ! $62.04M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $54.94K | 4.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3796029 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 31783609 | 40 |
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| BRK (ASX) Chart |