management, page-3

how are they going to fund the next drilling campaign
cash will be done to about 7 m at the end of this quarter and then activities for next quarter will require another 2-3 m
they will need to do a CR and if markets don’t stabilise it woukd be very dilutive. They would be better off farming down IMO and a script merger wouldn’t be a bad idea either
I am always amazed how companies don’t run their balance sheets more conservatively
they should have raised more during the last spike to cover 12 months of activity
I find it particularly shifty how the MD presentation delivered in Feb used Sept cash balanced . Unprofessional imo