End Game

The silence from the company is deafening.

However those of you paying attention to detail will know that the end game is being played out.

14th December the $26M loan is due for repayment. Antares only has $20M in the bank.

If it wants to go down the development route then its going to have to raise more cash in the next 8 weeks and come up with a plan that is going to substantially increase production to get investors onboard.

Just don't see it happening.

So that leaves it under 8 week's to get a firm offer either for the company or the properties on the table. They'll be pushing to try and get the best price possible which won't be easy with the oil price heading in the wrong direction. The potential buyers will see the squeeze on the company coming and know it strengthens there bargaining position.

I expect we'll get some dressed up announcement regarding the fabulous job the directors have done in securing this wonderful deal on behalf of shareholders, where the reality is, the deals no better when everythings taken into consideration than the one they walked away from in Jan 2014.

LOTM