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This is now a no brainer - Colter is game changing for ADL
the sidetrack
We know we have oil, Baron have confirmed this
The question is it commercial
At 0.45 its a steal
Wrong about the warrants, only 16,666,666 have been issued, I suspect this is for brokers fees
Agreed. We need hard money, hard cash and PREM don't have any of it
GR has decimated the SP by placing, after placing, after placing, all being frittered away
There will be many more in the short and medium term - what we need is a large Cornerstone investor, but this aint going to happen whilst Brendan and George are at the helm
We are off to the races...
and our SP is sitting near an all time low and they are strapped for cash
So what is going to happen ?
Zim government - forget
Circum - forget near term
Sale of an asset - not in the near term
GR - Lending the company money - nope
So a Placing - has to happen
That any of these announcements will not catapult the company's shareprice north
The ZIM government will never cough up the money, GR knows that
So where do we go from here
We are starting to drill, KHE will take on the drilling, where does the rest of the much needed working cap come from ?
#screwed
looking forward, they will need to dilute many a time until any money comes in from RHA
This company is so under capitalised it can only move forward if it can continue to raise money or sell assets
The SP is going nowhere FAST
If there is a raise, it will be around the level, if its a CLN then - Timber...….
Think its more like ADL need money and where is that going to come from - Placing, Bergen or......
raised to fund this drill ??
Stock being RBD and ADL as the market doesnt think that the find is valuable enough against the money spent drilling
The same happened at KOOVS, a rescue placing to keep the lights on at a greatly discounted price. Look where they are now 50% lower than the placing price
Same at BOOZE, they went bust
The same will happen here, the business is fooked and you will be able to buy this stock sub 1p