Point Loma Resources FY report, page-9

well one hopes its not used to pay off debt
in the article above it states as follows:
In April 2017, Point Loma has announced a disposition and joint venture with Salt Bush Energy Ltd. that will see Point Loma sell a 20 percent interest in operating assets and receive cash consideration of $5 million upon closing which is expected prior to June 9, 2017. This capital will be utilized to accelerate activity on the Point Loma properties through drilling, facilities additions and certain targeted acquisitions.[my emphasis]

This was the same theme at the time the deal was announced
Yet I've been disappointed before
Let's hope...