WC, exactly my point . IMO, Swala will dilute very minimal when they get ready for drill stages because drilling even 10 wells would cost less than 50-70 millions (take SWE.ASX share for drilling cost based on their W.I.)
Our SP should be close to 80c - 1$ (may be even more) by that time and number of shares to be issued for CR would be very minimal or they might even go for debt raising rather than dilution if CPR is very good and Management decides not to dilute (less probable but not impossible)
Many people may not appreciate Onshore drilling yet but once they understand financial advantage we would have will make them realize it in future.!
By the way, very happy to see SP fly today. It is always a great feeling to look back and appreciate ourselves for investing in a share that we believed to change our future and Life for Good.!
SWE Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held
