A possible scenario is they manage to farmout one prospect/permit, lets say Kito for example. Then on the strength of that, and market anticipation of drilling, they hit the market for a cap raising, be private placement, SPP, rights issue woteva.
Just need that one funded well to enable more cash raising opportunities.
SP might'n go anywhere though, due to ongoing dilution.
Imo, its not worth holding these juniors until they have funding and a rig booked for a high impact well.
Bring on the quarterly. Hopefully they wont go into suspension..
SWE Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
