re: Ann: $12.5m Raising to Further Developmen... No offence to all those criticising the raising, but if you waited for markets to trade this higher they would have run out of cash well before then. Seriously guys come on.
As to the price, unfortunately when you need funds something's got to give, this stock was only trading back at $0.10 back in July and more recently around $0.13 for volume. You need to look at liquidity to before you start passing negative judgments.
You should all do the math, once they have got 25 vertical wells in production, based on their decline curves which get down to steady state production of 40 - 50 boepd, that equates to around 1,000 boepd. You do the math on that.
re: Ann: $12.5m Raising to Further Developmen... No offence to...
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