It's worth noting that when the company has decided to raise capital in the past, they have always executed it in a very clean manner either at or above the current price thanks to the well supported largest two shareholders of Flannery & TriStar, often resulting the share price rallying immediately after.
My guess is they will likely do a deal with an offshore major for a strategic interest in the project (as mentioned in the company's last update) at a nice premium to the current price.
They have +$8mil in the bank with a pending decent R&D tax credit still potentially to be banked. No major drill / frac works underway atm the cash burn should be minimal at present.
If you are hoping for a raise to try and get set lower, history will show you for OMA this does not occur. I wouldn't be holding my breath for it!
OMA Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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