What I find odd is:
- They raise the $4 million to do their own drilling prior to Christmas.
- They do a farm in potentially committing themselves to a maximum of $162 million of expenditure.
...and they don't even make their own announcement on the farm in, when they expect the seismic and drilling to happen, how they will fund it etc.
CTP are supposedly ready to start on phase 1 of their drilling in this quarter, so will the $4 million cover ROG's expenses for their own drilling and the new farm in?
I'm also unsure of how much of CTP's phase 1 is covered in the farm in but considering it covered almost all of CTP's tenements it's fair to say there will be some expenditure required.
Of course they can go to the market for more but I'm surprised they didn't say anything about this after the CTP farm in announcement.
What I find odd is:- They raise the $4 million to do their own...
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