Would love to know the logic behind their decision to raise $ now just before drill results become known and given they still have some $ in the kitty according to the lastest 4C.
IMO, 10 Million Shares is not that bad a dilution situation ...could have been 100 million shares !!!!!
Just my wishfull thinking working overtime here but I think/hope that this raising of some $600K gross figure must be associated with an urgent need for funds for some other additional significant undisclosed Co purpose ....... maybe the 1st test well gas flow rates are so good that they now need to bring that well into full commercial production and apply to Gov't for appropriate approvals etc etc just like TOU ???? !!!!!
Like always DYOR as the above are just my thoughts & ranting
SXA Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
