cash is key21 Dec 2018 01:05
over the next few months.
It will be difficult for oil explorers to raise funds until the price of oil increases to and remains stable around $60.
We have a lot of cash in the bank. Great move in hindsight by MB. We can drill in 2019. Others won't.
Hopefully we will hit at least once and then can raise.
This has to be one of the best buys atm. So buy in before news brings in the herd. I have been hit here badly in 2018, but I am hopeful this will double pre spud as I cannot see a raise yet or the bod will be very heavily diluted.
GLA and Merry Xmad