Its going to be an ongoing question on the minds of shareholders going forward and SM will need to give a clear indication on where funding will come from or everyone will simply assume CR and its clear how the market will treat that.
Let's hope we can prove up some serious tcf figures and generate serious interest because raising at these current prices will double to triple our soi in no time.
Does anyone know with the current leases what happens when ivz go to production planning? I've seen in some cases they are split between production and exploration due to different contractual obligations. I'm wondering if we could sell interest in the production lease and retain 80% in our exploration leases?
Don't mind if we hold onto our % but it would be good to see the business case for it. Everything is currently vague or information just on technical aspects of drilling. Although its interesting, its the financial aspects that will drive the SP imo.
IVZ Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
