what if, page-23

You love the old CR talk frosty, they would have to go at something like 450 million at 0.7 or 0.8c, even at that I'd say half the holders would walk and it would fall flat on its face for that amount; , suppose you could call it start of financial year clear out; the last one has t worked overly well, IMHO another would be a disaster for the company and couldn't see one like that work, it wouldn't even get them the cash they need for the horizontal anyway even adding all the 3m in the bank to it; IMO it's a JV or an off load of some asset to fund it. CR would be just the same as getting into your car and just driving it on purpose head on into a wall.
Now enough from me about CRs, particulary when I think it would be a last chance salon; hope the hell I'm right.....

I think the company it beginning to take some cash in, it has wells drilled which is a big cost out of the way , just needs to finish fracking , which we have cash for , increase production and get some nice momentum behind us and I think we are doing that.

CR would be suicide; might as well do a CR everytime Chris wants a coffee or a role of toilet paper if they go that way. That just IMO