Why on earth would they need to do a placement? They told us that they had enough cash to meet "current requirements" [tongue firmly in cheek].
What the hell are the "current requirements" anyway:
Salaries and admin?
ROW costs?
Flow testing costs?
Drilling costs?
The usual obfuscation in the announcements has the result that nobody knows anything about the current status (or future plans).
A placement can't be too far away - not sure why anyone would be buying at this time.
All the best to those of you that still have the stomach to continue holding.
Cheers,
Disco
Why on earth would they need to do a placement? They told us...
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