We still have a shit load of oil regardless of the PE situation, but what we don't have is funding to get to profuction. Without a clear pathway to production that doesn't involve more dillution the share price probably will do jack.
Id like to see some info on long term funding REGARDLESS of this PE fiasco so I can relax that my hard earned won't just be diluted away. They have the oil and good mgt, surely their only option isn't to have a fire sale and sell shares for quids!!
I find myself sitting here hoping we have PE rights and a backer to save us from having to dip back in our own pockets again and it sux. Mgt could at least provide some guidance.
Shitty rant over. Good luck all.
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