The raise timetable got pushed out. Consequently the drilling timetable will move with it. Why would a driller sign up if they know the client is low on cash and is in the process of raising more cash to drill?
As Allen mentioned earlier, it’s been wet up north. It’s been wet down here in Brisbane since Sunday. So drill not starting yet isn’t out of the ordinary. Also, reading between lines, there is still chance of raising more money, through other channels, out of what was not taken up in the raise.
Weather has cooled but the wet hasn’t kicked it yet. Dry season can’t be far away after this long Weekend. I hope so anyway, so that this campaign can get started.
ICG Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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