The SP might fall to below 3c which means far too much share dilution if they want to CR for a multi fracced horizontal/high angle well next year.
They have about $A10 million in the bank, so no immediate need for a cash call.
JV would help, but large companies usually take months to decide whether to invest more in the Taroom Trough.
Investing at this time seems like too much of a gamble?
The SP might fall to below 3c which means far too much share...
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