I'm thinking no cap raising.
The whole purpose of the Longtom sale was to avoid unnecessary dilution.
I doubt Ian will turn around and dilute the crap out of NXS, now he can afford not to
Too many concerns over the cash burn when it includes development costs that are almost over.
I believe Ian will stabilising with Longtom sale and production - then - get a farm in partner [or two] to get the sp to recognise some of the worth outside longtom.
Cap raising before that would be pointless.
Given Ian's wage - that is the least shareholders could expect of his $5.2 million per quarter crew.
[Good to see D.Nolans departure mention in the quarterly - he earned $61k - that will pay for some of the new director]
quarterly is out, whats your opinion, page-17
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