RE: Omar Ahmed @ ValueAimTrader10 Oct 2024 13:04
Funding - valid question - one for the company obviously but I would imagine that much would depend on the timescales / amount and purpose and of course the big unknown - what the position with the possible oil play would be at the time.
So there could be a range of answers depending on the position at the time including and not limited to:
- internally financed via funds generated via an oil JV
- Bank borrowing if we have an established resource that could secure borrowing
- A placing - not to be afraid of - most exploration companies place at some or several points and as long as it is value enhancing, its fine and normal and I suspect at much higher SP values than today
-HNW financing - doesn't have to be diluting - could be lent on commercial terms
-JV partner contributions
That was quickly off the top of my head - there are probably more - so a valid question but with so many unknowns and possible variables, personally I think its not one to worry about in the near short term - buy just in my view.