They really need to do one before the end of December or the next quarterly is gonna smell.
They had 2.52m at the end of last quarter with an expected 1.73m which leaves about 750k in the kitty plus whatever they have raised through option conversions.
If they are going to do double the drilling next year then lets say 3.0m a quarter, they probably would want to start the quarter with 5m minimum. Although enough to cover the whole campaign lets say 10m would be nice.
EKM Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
