You are right about that,
Issued another 1.3billion (incl. in money options) shares to get to 3 new wells (and debt free).
It was less than 4 weeks ago everyone was going on about $30 profitable oil, now it's $40, yet in the Tim Hart interview AKK posted, the CEO clearly said "Highly economical at $30 + per barrel"
and now...just "economical at $40"
so what is it?, clearly they don't really know yet.
Re: the cash, you are right about the $300k, missed that extra.
So $2m + 300k = $2.3m cash vs $2.31m expense ($1.95m and $360k G&A) to get wells done and cover admin till Oct.
ie: Zero in the kitty end of Oct at latest....you can't carry on till zero as you are trading insolvent on next quarterly issue.
So this re-hash is clearly signalling a raise imo.
