if you are going to ask me innocent questions, ask before I start drinking at lunchtime.
The MC is $47.5m. Even with the max placement capacity 15+10% and a 20% discount to VWAP they would raise just over $9m after costs which they have no use for because ORG are paying for the entire drilling program and they have no debt and big pile of cash in the bank and a profitable production operation. If a CR was on the cards you would be seeing the SP getting pumped to 20c. fuggedaboutit.
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