Quite clearly more work too be done bring F S up too position where can raise finance get into production, further results final drilling in next few weeks, can see, this going on 4 another 3-6 months, b4 desision on financing
Restart shortly but will be severely limited until the problem is resolved. Consequently, Serica anticipates production to fall below the previously communicated guidance range of 29,000 to 32,000 boepd.
Long-term incentive programme should be in line with share price that determines how well progressing, tells me share price not going anywhere, placings dilution ect, hope I'm wrong.
Looks like Tranche 1 will go well into second half next year, time lines here not kept. Further placing end year or beginning next, doid will go towards 50% of stock. guessing penny or less,
Tracarta Jennings gave loan, I'm sure can extend loan, reason not place last time share price too low, sale of tantulam mine not going through threw spanner in works, no news on this of late,