You always want a company to raise money pre spud even if they technically dont need it and can fund the next 12 months in the event of a dry well, as can PVD. The company will be alot stronger if the well fails as the share price reflect the cash in bank plus a premium and can get on with making deals and fat salaries. They would not need to raise money after the well as this would be fugly. See a host of other failures in this field which took at 90% loss or more after dry wells. Management would have no credibility if they didnt tap the market for extra cash in this situation.
You always want a company to raise money pre spud even if they...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HHR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.25M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $8.778K | 1.438M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 10410172 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 7504209 | 12 |
View Market Depth
| Last trade - 15.54pm 30/08/2024 (20 minute delay) ? |
| HHR (ASX) Chart |