I agree that a CR is inevitable, but what I would like to see is that the funds raised are being used to maximize the development of one or two key leases to regain some credibility.
To spread the raised capital over 7 leases to possibly make minor progress on these leases rather than focus on one or two key leases and hit milestones does not get my support, based on past performance I feel that in another 6-12 months we will be in exactly the same position, no cash flow, no JV, no milestones hit, no credibility.
I will support a capital raising when I feel the funds will be allocated to the best benefit of the existing shareholders.
Newbie Thomas
QMN Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
