RE: Hovering5 Jan 2022 17:35
16:54 Not sure that many junior O & G explorers have many options when it comes to financing what is after all a very expensive business to be involved in, would I prefer that the company go out of business for lack of money in the bank, go to a loan shark or raise funds via shareholder dilution then the latter wins hands down.
Provided the bulk of money raised finances drills, seismic and associated analysis and we have seen 5 drills and 2 lots of seismic + proprietary and associated analysis.
I still think 88E will make me money this quarter and very possibly after that.
Just my humble view, I am not an expert like so many here :-)