I assume it would be close to 12.2 million by now with management fees, 200,000 for maximus.
It has got me stumped because they have enough money to drill for the year. Do they want more money so they can drill with more rigs?
Some Possibilities
1) Higher placement to a chinese investor
2) Money to convert MXR options (Hope not)
3) Lower price placement for extra working capital
Any ideas. Anybody called the company. Cheers.
I assume it would be close to 12.2 million by now with...
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