You talk rubbish sometimes, Phron. Better to be safe than sorry regarding fund raising. Drilling failure would collapse the SP, meaning huge dilution to advance other projects. Much better a little pain now, than excruciating agony in several months time. Am no fan of Wall, but money in the bank is a must.
We've all seen this here many times. A little ramp from Wall, then a placing. Let's hope for once he sets the cash raise at a decent level:- anything over 0.3 is okay. Wall has friends to please though, so we shall see.
Wall needs to raise money to strengthen the balance sheet. It's better for farm out negotiations, so he always reasons. Probably correct in that respect. Regarding speculative farm outs, I wonder how little we can retain when everything is signed and ready to roll; not a great deal methinks.
Taking financial advice from someone whom has posted twenty three thousand times on a company with a SP of 0.27p, is akin to trying to empty the oceans of the world with a spoon. Face it Brombarb, your good friend Wall is a lame duck, and needs to leave asap for the good of the company. Get in a real oil man, with fresh ideas, and more importantly, contacts.
Rabito, quality post. Just re-post this at the start of every day, then no-one else will need to post pointless inaccurate rubbish that comes from the aftermath of Wall's latest failure.