Management probably have some great results coming and so will raise cash now at a decent price and then release the exceptional news afterwards....... probably funds to drill additonal wells followng the exceptional flow rates seen thus far???
If not, our share price will most likely hit reverse.
So what do shareholders prefer, reducing debt or being diluted?
As we are generating cash and are cash flow positive, I am leaning more towards debt than dilution although we are paying a high price for our loans.