well spotted SD.
? exercised warrants = preferred equity and hence adds to existing equity to M/c as opposed to cash equivalents which is a minus for E/v
Who cares - I wish they would move along - up.
Geoff always happy to have a yak for what its worth - so far they have been costly conversations.
Still the U story will be with us for a while. Dam time horizon seems further away.
finch
have a look at dls if you like roulette of oil drilling.
watch the jv partner, page-2
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