I would be asking given admin costs and costs of covering loan for directors, plus as DAU stated costs of doing deep drilling (which is why they stated they favoured farm out as too dilutive) that how they expect to be able to fund ongoing drilling given costs of deeper drilling.
In other words why shareholders can expect from participating in RI and be rewarded and not just see a consolidation and another dilutive CR in view of costs of company for next year (around $2.4m) versus the $3.5m hoping to raise and costs of doing significant deep drilling.
VAN Price at posting:
0.5¢ Sentiment: None Disclosure: Held
