RE: Imaginative phone calls22 Apr 2025 21:23
Quite right Gordon, even if Selan find a higher powered rig somewhere behind the sofa to complete the remaining workovers, it will not move the dial and even if it does it will get sold into. So yes, new well drills at least 6 months away - will we avoid a cap raise before that happens? 50:50 at best methinks. So, quite right, zero reason to be buying now; indeed I would rather wait for the next cap raise, even if I have to pay more as at least I know then we have a fighting chance for an sp rise upon initiation of drilling. So "no" Da Prophet, I will not be kicking myself for not buying here - I would be happy to pay a premium once the uncertainty around funding and drill timelines has passed - in the meantime I can put the cash to far, far better use.