RE: Rns14 Nov 2023 19:24
It's simple, they think financing will be done by Q1 next year, you'd imagine it would really bring to light the potential value we have here (we're talking multi billion MCAP once financing is done, take a look at our verified resource at even $1 per barrel let alone $5-$10)
And when that financing is done, you can make the bond payments with dilution less than 0.5% (for example)
"What's the case for owning the shares today, rather than waiting until next spring or next year to own them
All IMO
The answer is that, when you've got a share that is currently trading at $300 million, mostly on the basis of people's skepticism, about the ability to finance development without significant dilution, you may wake up one morning and find that that assumption is no longer valid, and the share price has shown, that when it runs it runs, so of course anyone who wants to to own shares with a higher cost base, should wait and buy later. and anyone who wants to take the ride as it currently is, should be happy to be a share owner today."