yes i thpught that was the case tc. The free carry was for the first 2 wells. MAY are now saying they are fully funded (using our MAY money) to drill these appraisal wells. I have found companys always say that but in reality behind the scenes they will be calling brokers and organising the next placement. You dont wait until you have no money to raise money.
The brokers being on the inside say, " these guys are calling us for money so keep your powder dry we will get some in a placement that will be soon.
It would be great given AP holds such a big parcel if they could organise a loan. In the USA they could but being Cuba it might be difficult.
just my opinion so do your own research
May Chart, page-11106
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Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.1¢ | $184.4K | 4.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 946604 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 250000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |