Yes; BUT there are tons of partly paids, and oppies, and performance rights ...
ALL are now in the money.
Fully diluted, this thing will have 391 mn shares on issue.
But, the conversion of all the various share classes and oppies, etc. will also bring about $61 mn in fresh capital in the door, with no need for further raisings / dilutions ...
So there are pros as well as cons...
The BIG question is how much oil, and what it flows at.
ERH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
