They may have enough for a decent drilling campaign if they get the SP well into the green for option holders and then there are other factors that could come into play like a potential partnership?
Any cash from the Scandinavian sale (which off memory the initial cash allotment wasn’t a lot but could come as early as late March)
Issuing of shares for services (one company did this with a drilling company recently instead of paying cash)
So a lot of probabilities as to why a CR may not even be needed for a decent drilling campaign...
Time will tell I suppose, but for now, it’s just a matter of waiting for the next lot of news I think...
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Price($) | Vol. | No. |
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