Let's Just Imagine...15 Nov 2024 08:51
Let's just imagine we need a cash raise. .l know the loving faithful scream it won't happen ever. We have plenty of money until the drill in 2026...But let's look the possibility that's not the case.. Currently we're trading at 0.0009p .Now if we wanted to raise 10 million quid..not big bucks for oilers we have to give a discount to institutions to invest. So if we sell at say 0.0005 to get our 10 million quid it would mean 20 billion new shares...Personally l see such figures as making the company unsustainable...