It's not 5% - 65m shares are subject to shareholder approval, 871m shares outstanding post raise.
7.5%, which is $30k for my position
With the level of retail support, SPP if they don't hit. Or a farm-in partner. Or a more heavily discounted insto raise.
I know you're probably saying 10% COS to piss people off, but I believe COS is higher, and the independent resource estimate reflects that too. So does the oil that's seeping into the locals' water wells and making it undrinkable. And Mobil's report from the 90's.
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