Dear Kezza,
Let's get a few things straight;
Firstly, the company has about $17 million in cash.
Secondly, the rig costs over the agreed sum are to be borne in the same proportion as the equity share of the parties. The costs aren't capped for if they were we would know of that.
Thirdly, even if your concerns about running out of money are well founded, do you believe the company would die?
Fourthly, do you think KC and the Board would have budgeted for further costs or put all their financial eggs in the Block 105 basket?
Fifthly, would you subscribe for any shares should there be a fundraising from retail holders if it were called for?
This cash issue is an unwanted and unmeritorious distraction. Anyone giving it oxygen is a rabble rouser.
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