Ok, so you've justified, not reduced, the admin costs.
Now what about the $16.98M USD shortfall, which is required to get the projects done that you mention? Without this money, you cant count the projects. I am interested in how this will be worked around, without sacrificing something.
Production is late 2017....and its not a great deal, given initial daily rates, and revenue earning interest?
I see huge dilution coming!!
OK for those that get in at the discounted placement/CR price, but terrible for current/older holders.
They only have 25% allocation (around 295M shares) available....15% annual issue + 10% approved at AGM.
Not enough by far.
Will post more of my notes later.
OEL Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)