i always say the management is milking shareholders, but for the challenge u put on the table about why not we drill IW conventinal oursleves instead of winx... its not a fair arguement , winx we only pay for circa 37% drill expense, IW conventional may cost 10m more, we dont have the fund at the time, and drilling permit is for 2019.
the truth is is they CR 50m , r u going to be happy to accept the dilution? the FO may diluted less! this is what the key point
DEALROOM
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.