That is a laughable theory if you think they can hold out till they get revenue from Johnston Range. They only hold 2% and it won't even be touched until at least 2014 if that, which means revenues probably not till 2015. They will be well and truely cooked if they wait that long and still don't think the 2% would be able to fund any drilling of a mass scale as they will require based on the huge share registery. They won't have much time to pay back that current loan and if they don't get their funding sorted soon, the lights will go out on this one. I have never seen such a discombobulate operation in my life.
AWD Price at posting:
1.3¢ Sentiment: None Disclosure: Held
