Interesting that the company has not gone in for a capital raising yet.
With only $1.5m (roughly) in the bank, and drilling happening at Punt Hill, and a bit of lift from the Paterson, a lot of companies would have done a small whip around the usual suspects and raised another million or two.
The fact they haven't implies they think the odds are good with OZ at Punt /Pernatty or that the Paterson story has a little further to run...
Perhaps, also, the Dow Jones (and commodities) are due for a healthy bounce soon.
Interesting that the company has not gone in for a capital...
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