RE: Appetite for risk..1 Mar 2019 16:45
Agree tacka,...get 103 producing (guidance is $2m a month, from end of April),....then concentrate on 104 drill,....once 104 drilled & results known, guidance there is, if 104 not successful with Djeno, it will be turned into a producer, from the higher horizons, that 103 is going to produce from,....this, is what I would like to see, happen.
Make acquisitions, when in a stronger, Cash Flow positions,....the uncertainty, on whether there is going to be a placing, for an acquisition, before 104 drill,......this is the reason, I am keeping my Gross average s/p in single figures & sitting on hands at present,....until there is clarity, on whether there is going to be dilution, to acquire another asset, before 104 is drilled & results known,....I shall continue, to sit on hands, here at AAOG.
BW