Joe
Would agree with you on the cash position. ERM give us just North of what we are going to pay them back. I have a gut feeling that the subscription to the rights issue will disappoint, still leaving somewhat of a juggling act until Tranche 2 or farmin. Better hope that the B Sands pump 360bbls X 24/7.
The deal to me is a bit like the movie producer's bedroom scene in "The Godfather"
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