Don't see what's wrong with a simple overdraft myself. Capex this year is minimal. Anyway, if funds need to be raised I don't think it would be contemplated until SP is well into 30s. Another question while we wait, maybe for ddzx who seems to know these sort of things better than most - how long do you think the initial drilling campaign will last? And how long before the first results? Given the preparatory work with trenching, I imagine they know exactly where they need to target to bring in a couple of "spectacular" market attention grabbing announcement... so would it be better to wait until that point (maybe we are 50 or 60c, who knows...) before contemplating raising funds... don't know the answers myself, just posing the questions...
and I wonder when UBS will decide there is enough on the sell side to make it worth their while having another buy up? I saw a couple of sell orders taken off this morning, but there's one decent sized chunk there... I wonder exactly what is making them tick?
GTE Price at posting:
16.7¢ Sentiment: Buy Disclosure: Held
