Yeah I'm still waiting for an RBL facility announcement myself. Don't really know what the hold up is, you would have thought that they could have been working on it for months and it could have been ready to go as soon as the con note was paid out (releasing the lien on our acreage).
My biggest fear from the time they started talking about a so called "strategic review" a couple of months back, was that the RBL facility would be abandoned in favour of a cheap placement, because I'm sure there would be no prizes for guessing who would benefit from that, and it wouldn't be ordinary shareholders.
Of course I hope I'm totally wrong about that, and an announcement is just around the corner, however resolution 13 for the AGM tends to make me think that I may have been on the right track. I'm certainly hoping that resolution doesn't get up, and would be curious to know if others voted for or against it.
AOK Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
